‘BTC IS CONSTANTLY UNDER ATTACK’

[Neo-rock]

While some in the media are calling for Bitcoin’s imminent death, other experts believe that the market leader will easily survive the onslaught of ‘attacks’ it constantly receives while making a full recovery.

There’s a lot of negative sentiment surrounding Bitcoin $6579.15 -0.1% at the moment.

The price of bitcoin peaked in December at nearly $20K and that was probably too much so the correction was inevitable. We have to bear in mind that BTC is constantly under attack — we’ve witnessed a couple of exchanges being attacked and some governments and central banks issuing statements that were supposed to discourage people from bitcoin. It doesn’t seem to have worked as the cryptocurrency market keeps on growing despite volatile prices and approaches the $250 billion cap.

First, the world needs and demands digital currencies in a digital age. Second, cryptocurrencies are beginning to be adopted by established financial institutions. Third, household name retail and institutional investors are jumping on board the crypto train. And fourth, regulation of the cryptocurrency sector is now becoming inevitable.”