I am a big believer in blockchain and crypto and it's potential to revolutionise many aspects of daily life. But has the FUD, infighting, dramatic increase in the number and volume of pointless currencies, and attempts by large institutions to control the industry, ultimately led to the prolonged bearish market we have seen since December? If this continues, could the next big scandal lead to a catastrophic effect, that could have an irreversible decline?
Last year, the cryptocurrency market was becoming more and more popular, because everyone though it was a good investment and a way of getting fast and big profits, so everyone wanted to make money out of it, and this has lead to this market going up and raising millions and billions of dollars all of a sudden, which got the attention of governments who for a long time have forgot about it, and with governments looking at people making profit from this uncontrolled market without paying taxes, decisions needed to be made, which have affected the price of all cryptocurrency.