Threats and actions from governments and bankers to crush Bitcoin and other cryptocurrencies intensify. However, displaying one its finest features, resiliency, Bitcoin’s trajectory is once again retaking its ascending pattern, above $8,000 USD. Some experts believe that new technological developments will push Bitcoin’s value even higher.Bitcoin Rebuffs Threats from Bankers, Governments, and the Powerful
Bitcoin rises once again above the $8,000 USD mark, snubbing formidable threats and actions from governments, bankers, and world financial authorities.
The most prominent banks have already taken concrete measures to damage Bitcoin. JPMorgan, Bank of America, and Citigroup are banning Bitcoin purchases made using their credit cards, alluding to high risk due to extreme price volatility.
Concurrently, world authorities are joining forces to destroy or rein in cryptocurrencies. For example, the French and German governments are requesting an opportunity to debate how to regulate Bitcoin at the upcoming G-20 summit.
Most recently, on February 7, 2018, Jim Yong Kim, President of the World Bank, questioned the legitimacy of cryptocurrencies, saying that they are like Ponzi schemes.