Skepticism about cryptocurrencies is spreading. In its latest whitepaper, "Can Bitcoin Bounce Back?", Juniper Research identifies a number of trends that have shown declining fortunes for cryptocurrencies in the last year, as well as factors that could make it difficult for the market to stage any kind of resurgence.
"In short, given our concerns around both the innate valuation of Bitcoin, and of the operating practices of many exchanges, we feel that the industry is on the brink of an implosion," the firm said.