Crypto is on a wild ride. Bitcoin and most cryptocurrencies continued to be volatile. Ethereum surged downward 40%. Cryptos overall declined 33% and Bitcoin declined 27% as China called for a crackdown on crypto mining and trading. This is significant because 75% of Bitcoin mining is in China. This could be the end of Bitcoin but I don’t think so. Mining could move to other countries including the U.S. More on that another time. Barrick Gold CEO panned cryptocurrencies as an inferior store of value compared to gold. Reminds me when AT&T and Verizon panned Voice Over Internet (VoIP) for phone conversations. Virtually all conversations use the Internet in some way. It will be interesting to see if buyers come in after the sell off or whether crypto will continue to decline.