Many believe that Bitcoin was just going through a correction phase, especially after it gained so much ground in the last couple of months.
Bitcoin had been gaining popularity mostly due to institutional adoption and crypto investing becoming more mainstream and popular among retail investors.
The rumor has not been confirmed by the Treasury Department, though it has had a lot of influence recently.
Not everyone is optimistic about the future of Bitcoin.
Some countries have expressed their intention to restrict the mining, exchange and holding of cryptocurrencies, though this probably won’t have a meaningful impact in terms of adoption, since cryptocurrencies are decentralized.
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