What is happening to Bitcoin?
The world’s most popular digital coin, Bitcoin has dropped to a third of its original value last Tuesday.
Bitcoin halving cut the reward for using bitcoin mining software to ‘mine’ bitcoin from 12.5 new bitcoins to 6.25.
Why is Bitcoin falling right now?
Bitcoin Price Drop to $8.9K has raised some fear among Traders. Bitcoin could be entering a new trend after the price dropped below $9,000 earlier today. The price of Bitcoin (BTC) dropped to as low as $8,900 on May 21st.
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Will Bitcoin die?
The year 2020 could well be the year that the cryptocurrency dream dies. But as we know, whatever goes up, must come down, it is just a matter of time when it will go up again, but it can in the worst case take time… Even years for Bitcoin to get back to what it was. We are not saying that cryptocurrencies will die altogether — Far from it. As it is a cryptocurrency, it will go up and down always. As it is not tied to Gold or any real monetary value.
The Good news is that Master Card might expand to Cryptocurrencies soon.. That would be super!