Cryptocurrency: Bitcoin Value Drops By 60%

As panic grips some cryptocurrency investors over the rapidly falling cost of a bitcoin from $20,000 in December 2017 to below $8,000 in February, many stakeholders are insisting that there is no cause for alarm, adding that the best time to invest more fund on bitcoins is more.

Besides, while the Nigerian Senate last week warned its citizenry on the danger of investing in the cryptocurrency market, the Uganda government this week approved Bitcoin, adding, “Local currency to be phased out by 2020 as Bitcoin adoption takes effect.”