it has been years since china has no had the power to influence the price of bitcoin, I speak of the Chinese government itself, the only thing that could possibly harm bitcoin coming from china would be some storm that would cut off electricity to the point that all of China's ores run out of electricity and turn off their mining equipment, but this would not affect the price much to the point of making the price drop 40% in days. But Elon Musk Is someone who has power and influence, he can influence bitcoin, if we remember he was responsible for making the bitcoin price reach $60,000 and now he is being responsible for this big drop that the price is having.


no one can guarantee that the price will return to $50,000. imagine who bought it when the price was $50,000 and then that person sees the price drop below $40,000 in a few hours? how is that person not going to think about selling as soon as possible to avoid having more losses? the price dropped to $ 30,000 and then recovered to $41,000, people were scared after seeing that drop.