Edward Snowden once again confirmed his idea that governments will not be able to ban or control cryptocurrencies.
On Sunday, a former CIA officer tweeted that Bitcoin is only getting stronger thanks to strict anti-cryptocurrency laws. He also noted that Bitcoin has increased 10-fold since his previous buy signal.
Bitcoin has since increased 10-fold. This is despite coordinated efforts by governments to prevent people from learning more about cryptocurrencies. China even banned them. But because of this, Bitcoin has only become stronger.
And indeed, 2021 has become a year of serious challenges for the entire cryptocurrency industry. Most miners were forced to leave China, which triggered a record drop in hashrate. US regulators, including Gary Gensler and Jeannette Yellen, are also pushing for tougher regulations. on Telegram to keep up to date with news from the world of cryptocurrencies
According to cointelegraph.com
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The cryptocurrency market is inevitably falling
Just a day before the high-profile Bitcoin Cash fork, the market capitalization of the cryptocurrency market fell below $200 billion. As recently as November 7, its value was estimated at $220 billion, and many bulls believed that the price of Bitcoin could break through the MA 200 and begin a long run towards the high level set last December.
Opinion: Today Bitcoin is a lottery ticket
Former chief economist of the IMF and current professor of economics and public law at Harvard University, Kenneth Rogoff, believes that at the moment, Bitcoin and other cryptocurrencies are the same as “lottery tickets.” In an article published in The Guardian on Monday, he wrote that despite popular belief that cryptocurrencies will finally fall, it is impossible to say with certainty that their value will continue to fall.
