Its price slumped Wednesday after Google said it would prohibit cryptocurrency ads, following Facebooks move from January. Major banks including JPMorgan and Bank of America banned crypto purchases on their credit cards, the Securities and Exchange Commission has stepped up cryptocurrency oversight and Congress is holding hearings on how to treat the digital coins. Earlier this month, Allianz Global Investors argued the the coins intrinsic value must be zero. I took this piece from the overview:
https://www.bloomberg.com/news/articles/2018-03-14/bitcoin-pop-culture-moment-fades-as-fad-gives-way-to-regulatorsWe are in a kind of Interests' war. If you read news about Bitcoin fading you will believe crypto is driving to the end. And, amazingly, there is articles who states the contrary, and then you will believe crypto is the future... Bitcoin is much more thatn just a fad and we need to observe it with perspective.