By: Economic & Finance Report
It looks as Bitcoin has slowed down it’s momentum. The valuation of Bitcoin will substantially be cut this year by half of its value. Falling from a valuation of $71 billion dollars to $30 billion dollars.
Much of the decline in Bitcoin valuations is due to the decline of the Bitcoin exchange markets and Bitcoin theft, that seems to happen often. It is perceived that Bitcoin if somehow regulated in an open regulatory body, then Bitcoin will stabilize in its value and be able to be more appealing to investors and traders.
Bitcoin will have to be able to go beyond being catered to technology investors and trader. It can not just be comfortable with its own niche; their approach and outreach has to be able to be more universal and not only internet technological based.
-SB