A sharp fall in Bitcoin prices over the past week has reignited debate over whether the world’s largest cryptocurrency can genuinely serve as a store of value, after the digital asset dropped to less than half its October peak of $122,200.
Although Bitcoin staged a partial rebound on Friday as «buy the dip» investors returned, losses over the past 15 months mean many holders remain in the red, fuelling claims that the long-running rally has finally deflated.
Among the most outspoken critics is Richard Farr, chief market strategist at Pivotus Partners, who has publicly set a price target...