, Columnist
Cryptocurrency Markets Aren't All the Same
Different flavors of digital money reflect emerging bets on promising applications. It's not just mindless speculation anymore.
Chocolate, vanilla, strawberry ...
Photographer: Chris Ratcliffe/BloombergThere's a compelling reason to consider what's going on with cryptocurrencies a purely speculative boom-and-bust roller-coaster: Over a three-month period, the prices of all the top coins and tokens are rather strongly correlated, going up and down in unison. What does that make them if not the 21st-century incarnation of tulip bulbs?
QuickTake Bitcoin and the Blockchain