CNBC on Mar 26 reported that twitter was banning crypto ads. This may not be good for the digital currency market, but it also is good for networks that do not centrally manufacture content for arbitrary values.
The article goes on to discuss how about a week ago on Monday, Bitcoin fell 7 percent below $8k. Searching google the price now is around $6.9k. So perhaps the non independence of steem to Bitcoin is a reason for steems contemporary lower values compared to the fall and winter.
The article asserts Bitcoin is down 42 percent from the $13k price at the beginning of 2018. Apparently google and facebook have also interfered in this market and the free exchange of ideas, for the stated goal to protect against fraud. The article discusses bitcoin price increasing during a G20 meeting, and how Italy's central banker may have endorsed not banning cryptos. The CNBC article also references another CNBC article from that week that Twitter CEO asserts:
"bitcoin will eventually be the single global currency"https://www.cnbc.com/2018/03/25/bitcoin-will-eventually-be-the-single-global-currency-twitters-jack-dorsey.html
It will be interesting how the market adjusts to crypto going more and more mainstream. Perhaps state bans and other regulations will turn the tide? Is it possible that the cat can go back into the bag and people will continue to use central bank printed fiat that is prone to inflation and money printing, or currencies that have a tied value to some commodity or code? Wonder what will be the our reality in 5 years?
Source
https://www.cnbc.com/2018/03/26/bitcoin-falls-7-percent-to-below-8000-after-twitter-bans-cryptocurrency-ads.html
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