Wolfers analyzes Bitcoin drop

June 9, 2021 CryptoBrowser

After falling 10 percent in just 24 hours, a Bitcoin frenzy is underway. Justin Wolfers, professor of public policy and economics, explained how the government's increasing involvement in cryptocurrency affected the market.

“News that the government has figured out how to snatch bitcoin from the online wallets of cybercriminals surely reduces the use cases for Bitcoin even further,” Wolfers said.