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Sharp decline in bitcoin leads to doubt over cryptocurrency

Name: Sharp decline in bitcoin leads to doubt over cryptocurrency
Uploaded: 2021-05-21T10:15:07-0400
Duration: 10 min 56 s
Description: The price of cryptocurrencies took a dive recently, with bitcoin leading the declines. Its value dropped below $30,000 earlier this week after surging to $63,000 in April. CBS MoneyWatch senior reporter Stephen Gandel joined CBSN to discuss the future of digital money.

The price of cryptocurrencies took a dive recently, with bitcoin leading the declines. Its value dropped below $30,000 earlier this week after surging to $63,000 in April. CBS MoneyWatch senior reporter Stephen Gandel joined CBSN to discuss the future of digital money.