Honestly, the first paragraph of this NY Times piece says it all, but the entire piece is worth a read:
A growing number of virtual currency investors are worried that the prices of Bitcoin and other digital tokens have been artificially propped up by a widely used exchange called Bitfinex, which has a checkered history of hacks and opaque business practices.
The people who really support crypto currency generally–but not always–seem to do so with a religion-like intensity. Crypto currency cannot be failed, you see, people can only fail it. The naysayers and critics are just lunatic heresies who are just blind to the truth, of course!
I could be wrong. Perhaps in a few decades, I’ll be eating at McDonalds while my BitCoin hungry friends are chomping on filet mignon. But I don’t think so–and the evidence seems to be backing up my point of view.