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Bitcoin Crash 2021: Is Bitcoin Still Worth Buying or Investing in?
Bitcoin has been on a rollercoaster ride in the past week. It crashed more than 50%!
So what’s next?
What is causing the Bitcoin crash?
Is Bitcoin still a good investment?
In this blog post, we will answer these questions.
Cryptocurrency Markets Crashed By 50 Percent. What’s Next?
So what happened?
Bitcoin gained a lot of popularity in late 2020:
It went from $10,000 to $42,000 in 4 months before crashing 30% to $28,000 in late January 2021.
And then, in February 2021, Elon Musk added fuel to the fire by saying that Tesla (TSLA) bought $1.5B in Bitcoin and plans to accept it as payment for its cars.
As a result, Bitcoin rallied above $60,000.
