Why Is Crypto Crashing? Will Bitcoin Recover?
Why is crypto crashing? Why is Bitcoin down? Why is China shutting down mining? Will crypto recover? These are all questions that I’ll answer in this video.
00:34 Why is Bitcoin and crypto crashing?
01:10 Why did China ban mining?
02:05 What do talking head mainstream media pundits think?
03:30 How does crypto mining work?
04:02 What is a blockchain?
05:24 Ok yeah but how does China affect Bitcoin price so much?
07:12 Will Bitcoin go back up in value?
08:53 Interesting Bitcoin facts
09:28 Will Bitcoin go back up in value (part 2)
10:00 What do "smart money investors" say about Bitcoin?
10:46 DO THIS NOWWW 💰
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Lots of talk going on around the internet about China banning cryptocurrency mining and now enforcing their policies. Bitcoin price has plummeted to the lowest price is has seen since January 2021 - 5 months ago! Meanwhile, we have Microstrategy CEO Michael Saylor doubling down and buying 100,000 bitcoins for nearly $500 Million.
Bitcoin will surely be doing some serious testing between $28k-$30k, and it'll be interesting to see whether it bounces or continues it downward trend. If you're curious about what triggered all of this, watch this video. Hope you enjoy!