The price of cryptocurrencies fall a great deal when China said they will shut down their major cryptocurrency exchangers on the 30th of September. Another factor that lead to the fall of cryptocurrency was the alleged comment of Jp Morgan's Chase CEO, Jamie Dimon who said that bitcoin is a fraud.
Later this Month, cryptocurrencies have been making a significant growth and bitcoin is closing in on $4,000 again. The bitcoin enthusiast Jamie Dimon made most people to go into panic after his statement but went behind to buying bitcoin. He also said that bitcoin will reach an all time high of $1,000. After his initial statement, people sold bitcoin at ridiculous exchange rate. But the latter, people also noticed that the so called critic was only an enthusiast so they moderated the exchange rate.
I see a great future in cryptocurrency and if you check the market cap often you will come to realize that the price increase of cryptocurrency is tremendous. Bill Gates made it clear that nobody is stopping bitcoin. That statement should strengthen our believe that cryptocurrencies have come to stay and that it's the future of payment.
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