Trust in digital currencies prevails in the New York crypto scene

new York Bitcoin will soon be worthless: This was recently announced by the Chinese state newspaper “Economic Daily”. Should investor confidence wane in the future or sovereign countries declare the digital currency illegal, it will return to its original value, according to the verdict. And that’s zero dollars.

The statement is not surprising at first, because the Chinese government has always rigorously regulated cryptocurrencies. Last year, the central bank declared all transactions related to bitcoin to be illegal.

But a look at the crypto markets confirms the doom and gloom of the Chinese: Bitcoin has lost more than half of its value since the beginning of the year, the loss of the second largest cryptocurrency Ethereum is even around two thirds during the period.