Weatherhead School’s William Mahnic talks about drop in Bitcoin usage

“Bitcoin Boulevard” no longer booming
Marketplace: William Mahnic, associate professor of banking and finance, talked about why instability has led to a drop in Bitcoin usage after its initial popularity among some Cleveland Heights businesses, nicknamed “Bitcoin Boulevard.” “My bitcoin is worth X at 9 o’clockand it’s worth X minus one or X plus one at9:01,” he said. “How do you get over that? The money in your wallet, your credit card, is stable.”