The stock market is definitely dissolved after the United States announced a global trade war. But did you think that encryption also Melting?
Starting April 6, Bitcoin price fell from Jurf – which is Sitting at $ 7,800 To write these lines, after touching a decrease of about $ 74,000. This is a significant decrease from its highest levels ever in January, when it was worth more than $ 100,000. Until last week, approximately $ 90,000 was. It is not only bitcoin. the The massacre in general In the encryption market.
If Bitcoin-as real believers often say-is a currency free of government, it should be reinforced by the definitions of the idiot by Donald Trump. After all, one of Bitcoin’s main use cases are the crimeLooking at the huge size of the tariff, smuggling and tax evasion appears to be very popular. But for the large bitcoin base of ordinary owners, gravity is financial speculation. It is not surprising, as the money shows signs of distress, it appears to be blown.
The factors have been part of Bitcoin exploding in both the price and importance in the past few years. Bitcoin’s original declared goal was to avoid financial institutions and central banks, which is a type of people’s liberal currency. As a realistic point, it was not at some point, as the investment funds circulated in Bitcoin appear. From its inception, the price was launched, as adoption spread beyond the real believers – by ordinary people as well as in Wall Street. But these people are not committed to ideologically. One of the first things people doing in the bear market is to sell their most dangerous assets. Many people who put their “fun money” in Bitcoin sell, because they need “fun money” in the real currency now.
So in global financial turmoil, bitcoin does not do it hot. Bitcoin is valuable because dollars (or yen, euro, or anything else) are valuable, and as much as the financial assets that allow you to get more dollars, Bitcoin is useful. Now, it’s more evident than ever that it is not useful in much.
I can address the different ways in which Bitcoin is bad to be money – how it absorbs transactions, and has a serious danger of fraudsters and infiltrators, and is largely volatile – but the fact that it has been used In the first place of speculation I think the issue is for me. Many people who have sent the value of Bitcoin Up do not see it as a technique or future money, they are like the number rising.
Well, the number is now declining.