There. It’s been said. Over the last few days we have seen a significant fall in the price of bitcoin and it will be days to years, or perhaps never, before it recovers.
What is causing the sell-off? Difficult to say. But several facts stand out. Bitcoin in April saw a rise to heights that it was nowhere near ready for based on the fundamentals. It fell quickly back, but what we are seeing now may be just a further settling back to historic trend-levels.