Bitcoin and Overstock Plummet in TandemSubmitted by Smaulgld.com on Fri, 05/16/2014 - 20:38
Greater Bitcoin adoption was supposed to mean higher Bitcoin prices and accepting Bitcoin was supposed to boost Overstock's prospects.
Since Overstock started accepting Bitcoin earlier this year, both Bitcoin and Overstock's stock price have fallen dramatically.
Bitcoin has fallen from around $1000 to about $450.
Overstock has fallen from $28 to $16.
Will Greater Adoption Mean Higher Bitcoin Prices?: