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Anonymous
Anonymous asked in Business & FinanceInvesting · 6 days ago

why is the news seeming to be very vague or even withholding the real reason that Bitcoin crashed 15 percent lately?

it was due to Turkey deciding to ban crypto currency transactions AND China announcing a Yuan crypto currency and they are fearing that if China does their own digital currency than that means the US will probably follow suit?

4 Answers

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  • Sandy
    Lv 7
    6 days ago

    this could be how China destroys the dollar. cryptocurrency is for people who use the dark web to child and human traffic, deal drugs and other nefarious transactions. it will only be ready for general use and replace cash, when a superfast chip is invented and combined with AI. 

  • ?
    Lv 5
    6 days ago

    The CEO of Coinbase dumping stock during the IPO didn't help matters.

  • David
    Lv 6
    6 days ago

    Bit coins value could go down by 99%.

  • Summertime
    Lv 7
    6 days ago

    Are you kidding or what? When do we ever get the real skinny about what's happening all around us? I say  very close to never. In some cases are we sure we want to know?

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