Bitcoin Loses Half of Its Value
The price of Bitcoin dropped below $10,000 on Wednesday.
Bitcoin is the world's best-known cryptocurrency. But, it has lost half of its value from the record price set last month.
The digital currency was valued at over $19,000 last December. On Wednesday, Bloomberg financial service said the price dropped to about $9,600.
Charles Hayter is a founder of Cryptocompare, a business that owns cryptocurrencies. He told Reuters, "There is a lot of panic in the market. People are selling." He said the fall in the value of bitcoin is related to uncertainty about whether governments will try to set rules for its use.
Bitcoin is different from national currencies, which are supported by governments and central banks. Bitcoin is stored as a line of computer code. It is not printed on paper or something you can hold like a coin.
Computers keep a global record of how each bitcoin is exchanged so that ownership and transactions can be confirmed.
Last week, the South Korean government said that it is considering measures to ban trading of cryptocurrencies, including bitcoin. Officials also are expected to debate the rise of bitcoin at the upcoming G20 summit, a meeting of the world's major economic powers, in Argentina in March.
Wild price swings
In January 2017, one bitcoin was worth around $1,000.
In April, the Japanese government recognized bitcoin as a legal currency for settlement of debts. As Venezuela's national currency loses value, Venezuelans have increasingly turned to bitcoin for daily use. And North Korean computer hackers are believed to be stealing bitcoins from exchanges in South Korea.
The digital currency reached its highest level in December after the U.S. Commodity Futures Trading Commission permitted trading in bitcoin futures. Futures are financial agreements for trading valuable property at set prices.
Warren Buffett is an influential American investor and one of the richest men in the world. Last week, he warned: "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending."
Some observers say the recent drop in value shows that bitcoin was overpriced. Others welcome government rules and expect the extreme price changes to continue.
The price of bitcoin has dropped before. Marc Singer is an adviser with the investment company Singer Xenos. He noted that bitcoin lost 93 percent of its value in 2011 and half its value in 2015.
Christopher Keshian is with the APEX Token Fund, an investment group. He told Reuters that the sharp change in value "is an expected, and important, part of the journey to becoming" an accepted asset. He expected sharp changes in value to continue and that the price of bitcoin would rise again.
On Wednesday, Reuters reported that experts at Citi, an American financial company, said bitcoin could lose half of its value again, to about $5,000.
I'm Jonathan Evans.
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2.price change 价格浮动
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6.Last week, he warned: "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending."
come to a end 结束...
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比特币是全球知名度最高的加密货币 。不过，该货币从去年12月的创纪录价格下跌了一半 。
去年12月，该数字货币的价格暴涨超过1.9万美元 。周三，彭博财经资讯称，比特币的价格跌至9600美元左右 。
海特尔（Charles Hayter）是一家持有加密货币公司——Cryptocompare的创始人 。他对路透社表示，“市场出现恐慌，人们纷纷抛售 。”他表示，比特币价格下跌与政府是否会制定使用规则的不确定性有关 。
上周，韩国政府表示，考虑采取措施禁止比特币等加密货币的交易 。预计3月份在阿根廷主办的G20峰会上，有关官员也会讨论比特币的兴起，参加该峰会的都是世界主要经济体 。
4月份，日本政府承认比特币是解决债务的合法货币 。随着委内瑞拉货币贬值，该国越来越多的人开始使用比特币进行日常消费 。据信，朝鲜黑客从韩国交易所窃取了大量比特币 。
去年12月，美国商品期货交易委员会允许比特币期货交易后，比特币价格达到了峰值 。期货是一种以预定价格交易有价值资产的金融协议 。
巴菲特是美国最权威的投资大亨，也是世界首富之一 。上周，他警告称：“就加密货币而言，我可以肯定地说，它们将以糟糕的结局草草收场 。”
一些观察人士表示，近期的价格下跌表明比特币被估值过高 。还有人对政府出台规定表示欢迎并期待这种剧烈的价格浮动能够持续下去 。
此前，比特币价格也经历过“滑铁卢” 。Marc Singer是Singr Xenos投资公司的顾问 。他指出，2011年比特币贬值了93%，2015年，比特币贬值了一半 。
Christopher Keshian是APEX Token Fund投资集团的员工 。他对路透社表示，比特币价格的剧烈浮动是“成为一种常规资产的过程中可以预料到的重要步骤 。”他预计比特币价格的急剧变化还会继续下去，同时比特币价格还会再次上涨 。