It’s yet another dark day for Bitcoin. In fact, it’s the darkest one this year. The currency has once again set a new low for the year. At press time, the currency was trading at $3,230, down 10 percent in just 24 hours. The currency was performing especially poorly on some markets such as BitMEX, Coinbase Pro and Bitstamp where it was trading at $3,180. Since the week began, Bitcoin has lost close to $500. The currency’s immediate future looks bleak, especially given that it’s entering the weekend. Historically, cryptos have performed very poorly during weekends.
With the currency sinking further and further for the year, one investor who made millions through Bitcoin has further added fuel to the fire. According to Erik Finman, the currency is dead. Finman made millions by investing in Bitcoin back in 2011 when only a few investors knew of the currency. However, according to him, the currency could have a few more bull runs but in the long term, it’s dead.