The rise of the world’s most renowned digital currency has been great news for many folks. However, the possible beginning of the dark days started a while ago as this virtual currency experienced a drop in value.
The drop comes not too long after Bitcoin experienced an all-time feat by crossing the $50000 mark. What exactly does this drop mean for the powers that be?
Affirming the Fact that Bitcoin Is a Speculative Transactional Option
The moment Bitcoin achieved the uncommon feats of reaching $50000, many tongues were wagging in its favor. Many sources claimed that this virtual currency is the new face of credible and safe asset deposition.
However, the sharp drop in value moments after it achieved its major feats is a wake-up call for many. For instance, it gives credence to political administrations that have been very strict and reserved towards the use of this digital currency for transactional purposes.
Examples of such national administrations are Nigeria and India. The powers...