So I have just heard that the pump or rise in bitcoin value was due to the recent Ransomware attack. And after the recent drop, it makes sense too, I mean the price went up considerably as the demand of bitcoin went up, and now probably they are cashing in their rewards and hence the value is going down.
What do you think?
the only way what would have happened if there were an impact on bitcoin is that it would have dumped a lot because people would think that it is just a scam that is not going anywhere so they would be selling. Now the price pumped because there were a lot of new people throwing money in or the banks started buying it to be able to dump in on peoples heads afterwards and thus make bitcoin look less appropriate.