Bitcoin is Dead: Everything You Need to Know About Crypto in 2021
Let’s address Bitcoin’s recent glitch and U.S. regulation concerns
Bitcoin is dead.
That phrase has been said roughly 390 times since 2010. In 2020, however, that ominous saying was used the least ever. Bitcoin was reported dead or dying only 11 times.
Now, Bitcoin is being called dead once again. The Biden presidency seems locked and loaded to regulate cryptocurrency. Moreover, Bitcoin experienced a “glitch” that sent its price crashing more than 20%.
Bitcoin is dead — and this time it’s serious.
Will Global Regulators Kill Bitcoin?
Earlier this month, Britain’s Financial Conduct Authority warned crypto traders that they “should be prepared to lose all their money” because there are so many risks involved in Bitcoin.
Furthermore, Janet Yellen, President Biden’s pick to head the Treasury, laid down the hammer when she voiced worries last week that decentralized, anonymous cryptocurrencies could be used by criminals — provoking fears of a regulatory clampdown under the Biden administration.
“I think many are used, at least in a transactions sense, mainly for illicit financing, and I think we…
