Major hedge fund managers and central banks all around the globe had refused to believe in bitcoin (BTC) as currency or medium of exchange – which was part of the reason bitcoin price dipped from $19,000 to $6,000 in less than one month.
Institutional analysts and investors blamed lack of store value and the huge price volatility for their denouncement of the world’s top cryptocurrency.
BANK of England (BoE) Chief Mark Carney said, “bitcoin has pretty much failed as a currency by standard benchmarks and is neither a store of value nor a useful …
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