Everand Logo

Welcome to Everand!

  • The Christian Science Monitor

    Why today's bitcoin bubble recalls tulip mania and the dot.com craze

    Dec 01, 2017 4 minutes

    The digital currency called bitcoin has made speculators a fortune, drawn in drug dealers, technology optimists, and those who distrust traditional banks.

    Now, it’s ever-more mainstream. From small investors in Japan to big institutional ones in the West, bitcoin is attracting new waves of people anxious to pour money into the latest craze.

    It’s hard to resist the action. Worth 6 cents seven years ago, a bitcoin now sells for more than $10,000 – a mind-blowing rise of more than 16 million percent. This year alone, it’s value jumped from $998 to a record $11,155 on Wednesday morning. Seven hours later it had dropped 17 percent, then

    A shift to JapanA US surge next?Classic ingredients for a bubble

    You’re reading a preview, subscribe to read more.

    More from The Christian Science Monitor

    The Christian Science Monitor4 min readAmerican Government
    Could Nikki Haley Be Trump’s Running Mate? Don’t Rule It Out.
    Who will be Donald Trump’s running mate? With just a few months to go before the Republican National Convention, the search is intensifying, with the presumptive GOP nominee reportedly discussing possible contenders with friends, insiders, and even g
    The Christian Science Monitor1 min read
    Why Ugandan Farmers Gladly Grow Crops For Chimps
    From the shade of a banana tree, Samuel Isingoma explains why he is sacrificing his precious jackfruit to chimpanzees. “Since I support and give fruit to the chimps, they don’t disturb anything else,” says Mr. Isingoma, who has planted 20 jackfruit t
    The Christian Science Monitor2 min read
    Whose Betrayal? Our Latest Rebuilding Trust Story Sparks Internal Debate.
    An interesting thing happened as some of us at the Monitor were discussing this week’s cover story. We had an argument. Not an "I'm going to go away and write terrible things about you on social media" kind of argument. But the good kind – a sharing

    Related Books & Audiobooks