No, we merely saw a dip from the all time highs. Bitcoin has these large price swings anyway. Bitcoin is not in a bubble like some people say and the media simply parrot this narrative after some prominent future tellers. To me, this dip is no different from the past such corrections. Fundamentally, nothing really changed from a week ago. That the Chinese government is trying to crack down on Bitcoin is nothing new. They will keep trying to find a way to control this market. I do not see any signs showing that serious investors are rushing for the exit. Do you? Drop a comment. From where I stand, we are headed for the $6K next.

I would also add that the Chase CEO is playing a very weak hand by trashing Bitcoin. He should focus on his “house of cards” instead because it may go down crashing before we see the end of Bitcoin.