What if the price of bitcoin really drop by 50-65%, Isn't it sounds like a nightmare, rumers are going around here. But i hope it not gonna harm that much as some tinktanks concerns. China really have to review about it, because its not gonna end here.The value of bitcoin fell sharply after a report China's regulators are planning a more suppression on the digital currency.
Local outlet Caixin is reporting the Asian country is arranging to shut down native bitcoin exchanges, according to a Google translation. Bitcoin's price fell 7% midafternoon Friday after the news, according to Coindesk market data.
On Monday, Chinese officials announced a ban on organizations from rising funds using initial coin offerings (ICOs), which sparked a $200 drop in the price of bitcoin.The worth of the cryptocurrency is still up closely 350 percent year to date.
I hope BTC has its own place & value in digital currency so its not gonna be harmed so much by any of these policies.
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