Just the other day I wrote about bitcoins and why I didn’t invest in them. Bitcoin’s volatility this year has left many concerned as they begin to question its future. The dynamics of the cryptocurrency, that provide anonymity and decentralization have been exploited for illicit activities prompting action from governments all over the world to control it. Bitcoin’s speculative market shuddered as government regulation and fake news took effect.
Exaggerated and misinterpreted news stories have contributed to the recent dramatic fall in Bitcoin’s price. While it was inevitable that governments would have to crack down on Bitcoin, as it evades regulations and authorities, what has transpired is an escalation of events.