The warnings that led to a decline came mainly from the president of the United States Federal Reserve (Fed), Jerome Powell, who assured that “crypto assets are very volatile and, therefore, are not really useful as a store of value.”
“They are not backed by anything. They are more of an asset for speculation.”Powell stressed.
After that fall, he went through a period of instability, even losing $ 2,000 in a matter of minutes.
But, anyway, the current value of Bitcoin represents a significant growth compared to $ 11,200 at the end of 2019 and since the beginning of 2021, when it was trading at $ 28,000.
In this way, it continues to break records and in the last three months it tripled its value, after its price was $ 20,000 in mid-December.