The bitcoin crash is worse than both crude oil and the ruble

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The seemingly endless collapse of the world’s pre-eminent cryptocurrency continues, as bitcoin punched through $200 today. (As of this posting -$208.90 –click here for current quote)

The continued drop in value made the currency one of the absolute worst things to own in 2014. It remains so. Over the last 12 months bitcoin’s dollar value has fallen roughly 76%, outpacing the decline in both the beleaguered ruble (down a bit more than 70%) and Brent crude oil, which has fallen roughly 58% over the same period…MORE (

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