The price of bitcoin has stabilized around $650, but the future of the digital currency is still hazy. Horizons columnist Michael Casey says digital currencies have a future, but it may not be the future you think. Photo: Getty Images.
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Why do so many on both Main and Wall Streets still feel uncomfortable with the way markets are behaving? Maybe it’s because valuations aren’t what matter. Maybe the real problem is that markets are no longer doing what they’re supposed to do. Michael Casey reports on MoneyBeat.
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WSJ Horizons columnist Michael Casey explains there’s a very valid reason why Bitcoin critics are evoking Tulip Mania as the digital currency’s price soars to new heights. Photo: Getty Images.
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