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This recent volatility is mainly due to uncertainty about government responses to bitcoin: The price when up when the Congressional hearings were positive, and
by drcode 13y ago
This recent volatility is mainly due to uncertainty about government responses to bitcoin: The price when up when the Congressional hearings were positive, and went down when the Chinese government announced restrictions on bitcoin use.
Eventually, most governments will clarify their position on bitcoin and volatility will decrease.
- kolev 13y agoWell, it needs to be accepted in all G20 countries. I really don't understand why people interpret what happened in China as "not so bad" - it set a bad precedent and both France and the Netherlands had very negative statements, so, who knows what exactly is gonna happen.