Bitcoin price has been fluctuating because of fears of government crackdowns since the value of the cryptocurrency skyrocketed before Christmas.
Mr Chiavarone said the US Federal Reserve could "kill" bitcoin unless more is done to further develop blockchain.
He said: "The currency itself isn’t a great medium of exchange, it’s not a great store of value. It has a fixed amount so the Fed would have to kill it at some point because they wouldn’t be able to engage in monetary policy."
Let's hope for the best that the government should also support cryptos also in India for a better future of the world...
By the way great post.. loved it
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