– Bitcoin’s volatility has concerned the Feds for a while now
– Hundreds of investors say that they “have made millions of dollars” with bitcoins in less than a year
Today bitcoin plunged to more than 10%, which has sparked many concerns about this notorious volatile digital currency. Although later on many investors found that the this increase does not mean much, and thus it shouldn’t be a real concern, since as most investors have found out by now, bitcoin strength is perhaps mostly found in its unique volatility than price stability.
As of today, Bitcoin is worth $31,890. The highest it has been since days. The Biden‘s Administration might take new measurements about the currency, though, it has not signaled an interest to do so for now.