1/16/2015 5:28:49 PM | less than a minute read

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

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Gareth Jones

Co-Founder, FinTech Collective

Get in touch

Gareth Jones

Co-Founder, FinTech Collective

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

Of course, both the ruble and crude have far more impact on people’s lives. But for those ill-advised gamblers who put some of their cash into bitcoin over the last year, they’re getting a little taste of how Russia’s currency collapse must feel, without ever leaving the comfort of their own home.

qz.com/...