BG Staff
Bitcoin (BTC) terrible downslide continuous in 2018 and it seems that there is more twist to the tale as 2019 is just around the corner.
Bitcoin fell below the $4,000 mark this Saturday. This accounts for a massive 40% drop within two weeks.
With just a little recovery on Monday the currency fell to as low as $3,520 last week.
Although Bitcoin saw a slight recovery on Sunday, the currency price moved from $3,600 to $4,100 in a few hours time, pandits are skeptical that a bottom was truly achieved.
It was at the start of this year when Warren Buffett told Cryptocurrency will come to a bad ending. The world’s most prolific investor also described Bitcoin as a real bubble
People get excited from big price movements, and Wall Street accommodates,” He also said. Bitcoin is a “real bubble”, Buffett also criticized the idea of applying a value to Bitcoin. – Warren Buffett
BTC might just be nearing its end if this price decline scenario continues.
