On Tuesday, the price of Bitcoin fell by over 5% and dropped below the mark of $100,000 after President Donald Trump's comments. This became known to everyone just a few days later...
The sharp drop in digital currency has raised concerns in the industry, and many investors have begun to consider the long-term stability of Bitcoin. This sharp decline occurred only a few days after Bitcoin reached above the mark of $120,000, after Trump called it 'non-stable' and 'soulless'.
"We see that in the last few days the price of Bitcoin has been changing since the beginning of the Twitter war between the president and the crypto community," said an analyst on cryptocurrency.
Investors who believed that Bitcoin would become a new hedge against inflation and a safe asset are now starting to doubt its resilience.
