Cryptonian

2022/11/15 13:46

Is Bitcoin close to bankruptcy?

The crashing events that Bitcoin is experiencing (BTC) suggest some sort of failure in the making.

A few days ago, on Wednesday 9 November, Bitcoin’s price hit a new annual low below $15,500. This is 77.5% lower than the high recorded a year earlier, which was $69,000 on 10 November 2021.

Can such a loss in just 12 months be considered a symptom that the Bitcoin project is failing?

Not really, because even worse has happened in the past.

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