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?
I think, the slump in bitcoin's price after the 2017 bullrun is just a correction since that value is artificial, and this continuous plummet that we are experiencing has nothing to do with its gradual global acceptance. Once everything is corrected and its legalities are resolved, that's when we'll truly see the true value of bitcoin. For now, it's too premature to speculate. We shouldn't discount the fact that though well-known personalities have endorsed it already, bitcoin's uncertainty is still a question to many. Let's give this technology an ample time to be fully developed.