Bitcoin’s price has been falling since the end of 2019.
The price of bitcoin has fallen by more than 60% since the end of 2019, with many experts claiming that it is set to continue to fall. However, this isn’t necessarily a bad thing for the cryptocurrency and its investors. Here’s why.
Why is bitcoin falling?
There are a number of reasons that have contributed to bitcoin’s fall in value over the past year. These include an ongoing global recession, increased regulation from various governments around the world and rising transaction fees.
Although many people have claimed that there is no correlation between bitcoin’s price and its use as a method of payment, this isn’t strictly true. As more people become aware of cryptocurrencies and start using them for payments, their prices tend to rise. In fact, this was one of the main reasons why bitcoin started to become popular in late 2017 – because it was becoming accepted as a method of payment on various e-commerce sites.
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