Mark Gilbert , Columnist

And 2014's Worst Currency Was...Bitcoin

It was a bad year for the Russian ruble and the Ukrainian hryvnia, but nothing short of catastrophic for the Bitcoin.

December 23, 2014 at 7:00 AM UTC

Mark Gilbert is a Bloomberg Opinion columnist covering asset management. A former London bureau chief for Bloomberg News, he is author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”

Virtually worthless?
Photographer: Yuriko Nakao/Bloomberg

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It's been a bad year for the Russian ruble and a terrible 12 months for the Ukrainian hryvnia. But it's been a catastrophic 2014 for Bitcoin, the virtual currency. While acknowledging that my currency forecasting prowess means I'm driving a desk rather than tanning on a beach, the gyrations do seem to offer some valuable lessons .

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