Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.
But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?
Not all financial institution's adoption of bitcoin will give a positive reflection to its value. One of which is CBOE and CME wherein the transaction is not OTC and virtually selling Bitcoin infinitely. We can check it on the implementation of these futures way back later part of 2017/early 2018 and see how Bitcoin price crashes.