The loss of the value of Bitcoin is not an isolated or temporary event, but it is something serious. After the crash of the cryptocurrency market, now different regulations and the weight of the big banks, leave a dark future to a virtual currency that was more profitable weeks ago than gold itself.
The Bitcoin came to be worth $ 19,500 on December 17 with gurus who even presaged that it would reach $ 300,000 in coming years. Now, only a month and a half later, the value of Bitcoin is around 8,000 dollars. Anyone who has invested in Bitcoin recently has not lost money.
And from today a new setback is suffered: the main banks of the United States begin to prohibit the purchases of cryptocurrencies with their credit cards, an expected and totally logical measure. JP Morgan Chase, Bank of America and Citigroup have somehow stopped their cryptocurrency purchase operations with their credit cards. This prohibition to buy Bitcoin with credit cards could be extended to other regions of the world.
Buying Bitcoin with a credit card will be very complicated in the near future, and it is unknown how long this will last. And buying these types of currencies with a credit card is risky for lenders, who do not know if they will be able to receive the money back. There is also a risk that thieves will abuse stolen credit cards by losing themselves in cryptocurrency transactions that are almost impossible to trace. There is also an agreement to fight against money laundering in this market that handles billions of dollars
Not only has Bitcoin been in continuous decline for weeks, but other currencies such as Ethereum or Ripple have experienced a 20% decrease in the last hours, with a slight correction to the upside.
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We are seeing a global effort to fight crypto. Crypto will prevail!
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