The factor that contributed most to Bitcoin’s recent crash, is congress’ new bill titled “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.” As the name suggests, this new bill basically says that cash is evil, crypto is evil, prepaid phones are evil, and gift cards are evil. If this bill comes to pass, expect crypto’s market to suffer significantly as the government would take quite a harsh stance on Bitcoin.
With every law that tries to hurt "cash" and tries to push everyone into online banking only grows support for bitcoin, since nobody trusts banks anymore. They will eventually dig a hole for themselves with this shit
I know this, this was directly quoted from an article. I shared this to explain that everyone is panicking, and that BTC will not permanently crash. As we have seen, BTC is already at $2280 from $2065