In the last days, the cryptocurrency market went through a rough correction, dropping from a 180.000.000.000$ to nearly 130.000.000.000$. Most of the currencies went down 10% or more. 

Many people see the fact, that China banned most of the ICOs as the fact that triggered this correction. I don't say those people are wrong - however they clearly missed the real reason. 

This would be....

... Paris Hilton

Right now you probably think: "What is this Hive account@theaustrianguy talking about? Is he drunk?"

Well, I admit, we have tons of awesome beer here in Austria. However, I am a 100% sober. 

They say a picture says more than a thousand words. Well, here you have one. It totally backs up my ParisHilton-theory!

Can you see that? Paris Hilton clearly kicked down the total market cap!

Of course she did not do this with her beautiful brown leg like shown in the graph. She did it with America's most dangerous weapon at the time - Twitter!

(A quick note to Twitter-King Trump at this point: If you would just stay online, the world would be thankful!)

By admiting, she likes cryptocurrency, many people might have thought, that cryptocurrencies are getting to mainstream and therefore are no longer a good investment - following the saying: "If everybody tells you to invest into something, it is probably way to late"

So, as we can clearly see, Paris Hilton is responsible. Crazy, isn't it?

P.S.: You still think the Chinese are the ones to blame?

Guess what - they are working together with Paris Hilton!

I hope you enjoyed reading this post :)