California Companies Stop Using Bitcoin Following Crash of Cryptocurrency
— Investors, State, Companies, Worth, Stop, Bitcoin, Cryptocurrency, Cryptocurrencies, California, Crypto — 1 min read
Bitcoin is now worth far below $20,000, hitting a low of $19,425 on Tuesday. The most popular, Bitcoin, has gone from a high of a coin being worth $67,582 in 2021 to under $50,000 in December. In California, the fall of cryptocurrency has been more acute, as the state attracted many early investors, especially in the early 2010’s when cryptocurrencies were in their beginning phases and were worth under $1,000. In recent weeks, many in the Golden State have been moving away from them, especially after hackers stole hundreds of millions in cryptocurrencies from Californians and Californian companies. Many businesses have even dropped Bitcoin, Ethereum, and other similar currencies as payment as payment. Source