It’s no secret that Bitcoin has had a rough time lately. After reaching an all-time high of nearly $20,000 in December 2017, the price of Bitcoin has been on a steady decline, and is currently hovering around $6,000.

While this is still a considerable return on investment for early adopters, it’s a far cry from the astronomical gains that were once commonplace. So, what’s the reason for Bitcoin’s recent struggles?.

There are a few potential explanations. Firstly, the hype surrounding Bitcoin has died down somewhat.

When the price was skyrocketing, everyone was talking about Bitcoin and cryptocurrency. These days, however, the mainstream media coverage of Bitcoin has decreased considerably, which may be one reason why the price has stagnated.

Secondly, there’s been a lot of bad news surrounding Bitcoin lately. From hacks of major exchanges to regulatory crackdowns in countries like China, it seems like there’s been nothing but bad news for Bitcoin.

This negative publicity might be deterring some potential investors from putting their money into Bitcoin.

Finally, it’s worth noting that Bitcoin is still a relatively new and untested technology. While it has made great strides in recent years, there are still plenty of unknowns when it comes to Bitcoin.

For example, we don’t yet know how governments will react to cryptocurrency as it continues to gain popularity. These uncertainties could be causing some investors to hold off on investing in Bitcoin.

So, what does the future hold for Bitcoin? It’s hard to say for sure. However, if the past few months are any indication, things aren’t looking too good for Bitcoin in the short-term.

In the long-term though, who knows? With its decentralized nature and potential for international use, Bitcoin could still have a bright future ahead of it. Only time will tell.