Why Bitcoin Crashed in January 2018
“Too big to fail” is a phrase often ascribed to the banking industry giants who have become so huge that their failure poses a threat to the entire economy. For some governments, Bitcoin is now becoming the cryptocurrency equivalent of these “too big to fail” enterprises.
It is ironic that the very technology that promised to break us free from the clutches of money-hungry sharks is now being viewed as their equivalent. Yet, this idiosyncrasy strengthens our Bitcoin price.
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