Is this the end for cryptocurrency?11:12 am
It marks a worrying trend for a cryptocurrency that has produced "instant billionaires" across the world.Last year, The Sun revealed how tracker site Deadcoins had logged more than 830 cryptocurrencies as "extinct". "They're not businesses, scientists, academics or retailers. In most cases, this is due to the initial supply and demand, and it basically just enables them to make fast money.""People invest to drive interest which, in turn, means others invest more money – and that drives the price," he explained.
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