Recently, the price of Bitcoin suddenly took off. 40 billion was wiped out in a blink of an eye, causing many people who invested in Bitcoin to lose all their money. In my opinion, this situation in Bitcoin is actually a normal phenomenon and cannot be said to be a flop. Because Bitcoin itself is very risky, and the news related to Bitcoin in the near future is not good.

1. Bitcoin itself is very risky

Since the emergence of Bitcoin, the label of high risk has been accompanying it. This is also due to its lack of supervision. It is a normal property in a sexual state, and it is precisely because of its high risk that whether the price of Bitcoin skyrockets or plummets, it can be regarded as a very normal thing. Just as the price of Bitcoin continued to rise before, successively exceeding US$30,000, US$40,000, US$50,000, and even exceeding US$60,000 at one time, its sudden plunge is actually due to its own characteristics, and it cannot be said that it is due to its own characteristics. Bitcoin is "flopping". Moreover, many people now speculate on Bitcoin as futures. Under such circumstances, plummeting is even more common. It is also a situation that often occurs in the futures market and is also a consequence of the high risk of Bitcoin. one.

2. The recent news related to Bitcoin is not good.

In addition, for Bitcoin, the recent news is not good for it. First, Turkey has announced that it will ban the use of cryptocurrencies and other digital assets for payments starting from April 30. Secondly, the United States also plans to cooperate with financial institutions to investigate money laundering through cryptocurrency. It is foreseeable that in the future, various countries will have stricter supervision of Bitcoin, and the future path of virtual currencies such as Bitcoin will gradually narrow, and may even become an unrecognized currency that is banned globally. Under such circumstances, it is normal for Bitcoin prices to plummet, and it can even be said to be an expected thing.

In general, this plunge of Bitcoin does not seem to be a "flop", or it does not matter whether it is a flop, because Bitcoin is essentially a game of drumming and passing flowers.