Crypto Expert: The US SEC Wasn’t the Cause for Downturn

Posted by brecalynch on Monday November 26, 2018 @03:28AM
from the self-post dept.

noticed two significant things. The first is that the cryptocurrency market is down on its knees, throwing the entire industry into confusion. Secondly, cryptocurrency advocates are pointing to two factors as the cause of the bear market, Bitcoin Cash hard fork and the US SEC. However, a crypto analyst has spoken up in defense of the US regulator.

( 1 comment | 3 points | on HN )

Re:Crypto Expert: The US SEC Wasn’t the Cause for Downturn by jryan49 on Monday November 26, 2018 @09:18AM (#18533475)

I think the real reason is people are realizing bitcoin, as it exists today, has no real utility, and solves no real problems. Also most of the speculators have lost so much money they're not touching it with a 100 ft pole. Its value is dropping accordingly.

[ Parent | on HN ]