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Just a few days after the legendary bitcoin pizza day, Bitcoin started to fall like a rocket without a parachute. Prices went to fell by almost $25,000 in the last 6 months. Everyone was worried whether the legendary cryptocurrency giant would disappear. Will it be gone or not? It’s anyone’s guess. Cryptocurrencies are more volatile than the weather.

Bitcoin may survive, though due to mining being banned in some places, and the cost to mine bitcoin, It seems it will fall apart. It may take 2 weeks, 3 months, or 5 years. Though, in my opinion, this marks the start of the end of bitcoin.

Ethereum seems to be going down the same path. The cryptocurrency fell by almost $3,000 dollars in the last 6 months. Cryptocurrency and bitcoin both are suffering because of mining issues, a drop in the use of cryptocurrencies due to bans, and because the networks have become slow. People have started to prefer other cryptocurrencies like Solana, Cardano, DogeCoin, Avalanche, Shiba Inu, etc.

The future of Bitcoin seems unpredictable.

What’s your opinion? Share it in the comments.

This is all for my post. Happy investing!

[Image Credits – Photo by Pierre Borthiry on Unsplash]

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