Bitcoin drops below $20k as crypto selloff quickens
&quot;The last time bitcoin was at that level was in November 2020, when it was on its way up to its all-time high of nearly $69,000&quot; ... &quot;Bitcoin has now lost more than 70% of its value since reaching that peak.&quot;<p>That&#x27;s stunning. To be honest, I&#x27;ve still have never understood the real value of &quot;crypto currencies&quot; outside of hiding cash transfers from taxes or purchases that are criminal in some way.<p>I&#x27;ve yet to find an article that clearly and simply explains the need or reasoning for using it. I&#x27;ve seen a few that speaks to it being &quot;secure&quot; but that&#x27;s obviously not the case because I&#x27;ve seen far more that describe how people have been ripped off and far more than those I&#x27;ve seen about those who&#x27;ve had money just disappear from a Bank or S&amp;L.