Bitcoin Drama: Will BTC Go Up or Crash Down? Experts on Watch
2022.05.17 18:50
Bitcoin Drama: Will BTC Go Up or Crash Down? Experts on Watch
- Bitcoin declined to more than 50%.
- 44 countries met in El Salvador to discuss adopting Bitcoin as legal currency.
- BTC trades over $30K.
Bitcoin, the most famous cryptocurrency, continues to bleed. It has declined to more than 50% in the past six months. From almost $70k in Nov 2021 to its current price below $32k, the crypto has generally been losing its value over time.
The drama that Bitcoin brings into the space made the community uncomfortable, especially its global investors. As a result, global leaders are now on their feet to discuss ways to help Bitcoin with its current challenges.
This made crypto analyst Lark Davis react on a tweet post,
44 countries representing around a billion people are meeting in El Salvador to discuss adopting #bitcoin as legal currency.
— Lark Davis (@TheCryptoLark)
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