Quote:
Originally Posted by azrider
Apparently this recent downturn is "different this time" 
There’s Something Different About This Bitcoin Drawdown
- Bitcoin is on the verge of wiping out its halving gain
- A drop below $19,511 could damage the investment case
https://www.bloomberg.com/news/artic...mium#xj4y7vzkg |
I think certain people confused bitcoin for an investment (unintentionally) and ruined it as a currency.
A more cynical take... The entire point of cryptocurrency is deregulation. If I were part of the global financial hegemony and wanted to prevent a decentralized exchange/market the first thing I'd do is tie bitcoin to a fiat, F with it, and cause your average investor to run away forever after stupidly losing a bunch of money.