Bitcoin skeptics are saying, “I told you so.”
The cryptocurrency declined more than $2,000 today after hitting an all-time high.
Yesterday, Bitcoin broke the $10,000 mark for the first time and then it soared to $11,260 early Wednesday (11/29) morning.
The price then plummetted more than $2,000 and finally ended at $9,679.10 (as of 1 PM PST).
Even with the decline, the value of Bitcoin has increased by 1,000% in 2017.
Bradford Hornsby is an editor, music writer, web producer, and pop culture blogger for Entercom stations in the San Francisco Bay Area. Find him on Twitter at @bradfordhornsby.