“The share of Americans who own several other well-known digital coins underscores how far these currencies have to go: Less than 2 percent of Americans own Ethereum and less than 1 percent own Ripple, the survey found,” according to CNBC.
LDJ Capital Drake noted in an interview with Bloomberg that some digital currencies are “fraudulent,” “weird” and “strange,” while saying bitcoin will retain its place as the king of cryptos.
“It has been a tumultuous year for the cryptocurrency, whose value shot up from some $950 in March 2017 to record highs of nearly $20,000 in December 2017, as tracked by CoinDesk,” according to Newsweek.
In recent days, some market observers have opined that bitcoin’s bear market is close to completion while others have speculated that the digital currency will eventually become the world’s dominant currency.
For more information on the cryptocurrency, visit our Bitcoin category.