Bloomberg Bashes Bitcoin: Lists it as the Worst Currency

Bitcoin is the worst currency today… Could this really be true?

The Bloomberg View states:

“Bitcoin is second only to gold on the list of topics guaranteed to arouse the wrath of the Internet trolls.  Yet relentless promotion can’t hide these facts:  The digital currency peaked at a value of $1,130 just over a year ago.  Its plunge of more than 56 percent in 2014 makes it the world’s worst performing currency this year, according to Bloomberg, which tracks 175 foreign-exchange values.”

Mark Gilbert, who authored the article, also had a bit more to say regarding his opinion of the digital currency:

“Most of Bitcoin’s supporters [s]eem to be hackers whose resources depend upon the Ponzi-scheme nature of the enterprise itself.”

Apparently, Bloomberg isn’t the only source to list bitcoin at the bottom of the currency list for the year.  Other sources to report on the malice and discomfort many have towards it include Quartz and The Guardian, who actually list bitcoin as the worst investment of the year and question its ability to fully recover from the highs it experienced in 2013.

And yet despite all this, bitcoin still has a loyal following; those who continue to bet their lives on the idea that bitcoin and related currencies are the keys to the future of finance.

What do you all think?  Is bitcoin simply a waste of time and energy, or is there true potential to be had?  Post your comments below and tell us your thoughts!