The Bullish Argument for Bitcoin After Currency Drops Below $8,000

It's been a rough week for Bitcoin. The cryptocurrency dropped below $8,000 on Friday, marking the third biggest drop over a five-year span. Bitcoin developer Jimmy Songs explains why he remains bullish. "This is something that has happened in the past, and will happen in the future," says Song. "If you're looking out five to ten years this is an excellent investment." Shares of Bitcoin plummeted after India's Minister of Finance announced plans to ban the digital currency. "Not everyone is fit for it, especially during these down times," said Song.

More In Technology

Meet the Company Powering America’s Autonomous Deliveries

Ali Kashani, CEO of Serve Robotics, explains how 2,000 AI-powered robots are transforming last-mile delivery across major U.S. cities.

Exclusive: Robin Williams' Son Talks Using AI to Bring Precision to Mental Health Care

Zak Williams discusses Lumos AI and how it uses longitudinal data to match the right mental health treatment to patients sooner.

These Are the Tech Gifts Everyone Is Fighting Over This Holiday Season

Holiday shopping heats up as Tom’s Guide editor Kate Kozuch reveals the tech gifts everyone wants, from wellness gadgets to gaming buzz—and how to score deals!

America’s Chipmaking Comeback: Why the U.S. Is Racing to Reshore Semiconductors

The Verge’s Senior Science Reporter, Justine Calma, explains how the Chips Act and federal funding are reshaping America’s chipmaking future.

The Top 5 Black Friday Gadgets You’ll Regret Missing Out On

2025’s top Black Friday tech deals from smart speakers to wearables. Tom’s Guide editor Kate Kozuch shares expert picks and tips for smart holiday shopping.

Meet The Gen Z Founders of Phia, the AI-Shopping Assistant Backed By Hailey Bieber and Kris Jenner

Phoebe Gates and Sophia Kianni introduce Phia, a fashion tech startup that helps users find price comparisons and discover alternative options for apparel

Load More