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?
Incorrectly, the development of bitcoin has nothing to do with ransomware, it's a rumor, it will affect bitcoin's reputation. In fact, the development of bitcoin depends on the governments, they have accepted it, so its value soars, people's needs are higher.