IT seems as if this year is not very good for the cryptoworld. Atleast the start is not very promising. But though alot of pandits are believing it to be good for the cryptocurrencies, still the start is not that promising.
But whatever anyone believes, lets get to the facts and the current fact about Bitcoin is that it has dropped to around 11,000 USD.
It's a serious blow for bitcoin. From around 21,000 USD it has come down to around 11,000.
Now the question is, will it ever make it back to the point of 21,000 USD ?
Some believe that its just a temporary fall and soon Bitcoin will rise back and touch new heights.
But i think that it won't be the Bitcoin that'll make it to that point. Some other currency will soon take over and it'll ride to that spot but Bitcoin, no. IT won't.