Viewpoint: Cryptocurrencies Are Not Money

Did you see that the Bitcoin cryptocurrency traded at $57,000 last Friday, only to fall as low at $28,000 on at least one exchange over the weekend (Dec. 4-5)?

Its price had since partially rebounded, though as of Wednesday evening (Dec. 8), it was only up to about $50,000. This is just the latest example illustrating that cryptocurrencies are not money.