David Stockman: Bitcoin Speculators Will ‘Have Their Hands Burned To A Crisp’

Well, it was a rather inauspicious start to 2018 for Bitcoin. Admittedly, one-day moves in the cryptospace are the very definition of meaningless, but for whatever it's worth, Bitcoin was down nearly 5% at one point. That marks the first time everyone's favorite "currency" that meets exactly none of the criteria to be called a currency had fallen on the first day of a new year since 2015. By comparison, Bitcoin rallied by more than 4% on the first day of 2017. I'm not sure how we missed this l