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?
I don't think so. Sure! Ransomware apparently must have had great impact on the increase in value of bitcoin cause it opened the eyes of public to it and most people who had no idea what bitcoin was started checking it out which increased its popularity as well as the demand. Nevertheless, the surge in bitcoin price has happened before which usually follows with a quick drop in price after a while. This drop in price makes some newbies to quickly want to cash out as well so they can have more profit hence, leading to more drop in price (DUMP AS IT IS SO CALLED). It is just how the market is and I don't think ransomware had anything to do with that.