Bitcoin is reeling from its worst ever start to a year, having fallen in price by more than $10,000 since the beginning of January. But despite these losses, some analysts believe the cryptocurrency’s value will recover and could even go way beyond the highs of late 2017. The price of bitcoin fell below $7,000 on Wednesday, 4 April, to around a third of highest ever price reached in December of around $20,000. The crash has been attributed to a number of factors, such as the tightening of cryptocurrency regulations in major markets like South Korea, which have resulted in greater investor caution. Yet Michael Jackson, a bitcoin expert and the former COO of Skype, told news channels that he is hopeful that bitcoin’s fortunes will soon reverse.
