Bitcoin’s repeated splits undermine its long-term value

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Bitcoin’s repeated splits undermine its long-term value[size=0.8em]By Jemima Kelly
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Cryptocurrencies have been crashing again. Bitcoin has slumped to its lowest price in more than a year. More than $600bn in claimed “market capitalisation” has vanished from the universe of pseudo-money and digital tokens since early January.

A bit like the Burberry scarf, bitcoin has become a victim of its own success, with countless knock-offs undermining its value.

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关键词：Repeated Bitcoin repeat Under value