- Bitcoin prices slide with ultra-low volumes
- Jack Dorsey thinks BTC owners with accounts at CoinBase hold fake Bitcoins
- Transactional volumes low, participants apprehensive
Clearly, Bitcoin is battered. It’s even heavier for CoinBase account holders after their quick reminder that they are holding Fake Bitcoins. Proof of Coin? All the same, buyers are struggling to create demand, and until after prices race above $3,800, we shall maintain a neutral stance.
Bitcoin Price Analysis
From podcasts and interviews, it’s clear that Jack Dorsey, the co-founder of Twitter and the brains behind Square is an avid Bitcoin supporter. He remains adamant that despite slow main-chain throughput, Bitcoin will probably be the native currency of the internet. Bitcoin, as we know, is a public chain and has the direct endorsement from the US SEC. Therefore, the coin is a utility, and no one has direct control of its price.