Reduction in bitcoin worth is a result of Ban in some countries such as China.
I do not want to agree to you for this. I want to disagree here that the worth of bitcoin is not decreasing at least you know the price around $47,000 today. How do we come to that agreement that what is said in China is affecting bitcoin price, bitcoin price is impacted by demand for it and the information from China isn't impacting negatively on bitcoin. Such centralized mode of communication won't affect bitcoin because investors not giving attention to China. But such news like those from Elon musk can cause such not China.