Why BitCoin Prices Have been Dropping?
One of my favorite channels is Crypt0 on YouTube. IN this video, he explains that the trustee(s) for Mt Gox have been selling off large quantities of BitCoins for the last few months, thus forcing the prices lower.
According to a recent article on CoinDesk, an related sites, Mt Gox sold off $406.6 million of BitCoin and BitCoin Cash via the Japanese trustee of the bankruptcy (Nobuaki Kobayashi). One might wonder why they didn’t sell it privately. Conspiracy theories may believe there was some plan to force the price down to force people out of the market, or to give other more time to get in, or yet even for some people to make a killing by shorting the market on the way down.