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This from a very well written article on what will happen if Bitcoin falls substantially,  The link to the full article is at the bottom:

"Japan has already legalized it. A major infrastructure change is coming very soon in the world’s third largest economy. We know that Bitflyer has signed a contract that ensures bitcoin is accepted at hundreds of thousands of retail stores across the island nation and that about 20 new bitcoin exchanges will be coming online shortly.

India is currently reviewing the option to legalize and regulate digital currency. After the harsh and rapid demonetization, they’re in sore need of an alternative to paper money. They have a panel working on it now and hopefully, we’ll get some good news in the coming weeks.

On or before Monday, May 15th, the SEC will deliver a decision to either approve or deny the world’s first bitcoin ETF, which if approved will open the markets to Billions of Dollars in institutional investments.

As I’m writing, the total market cap of bitcoin has just breached $30 Billion for the first time ever. A notable milestone but still not nearly enough to support the global economy, which now stands above $1 quadrillion.

However, according to coinmarketcap.com, the current volumes are coming from Poloniex, Kraken, and Bithumb (Korean exchange). Bitflyer is less than 3%. This tells me that most of the money flooding in at the moment is in fact, speculation money."

Full Article here: https://hacked.com/what-if-bitcoin-falls/
Location: Northbrook, IL 60062, USA

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