Bitcoin Has Been Getting Creamed

Bitcoin is now below $US450.

Just a few days ago it was near $US600.

The latest blow was last week’s IRS ruling, which some people believe will make record-keeping requirements too burdensome for mainstream use.

Here’s the chart via Bitcoinwisdom:

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.