How will the crash of Bitcoin in the cryptocurrency markets affect adoption of block

[PALM]

Bitcoin is a crypto currency that was created in 2009 to serve as a more non centralised platform for enhancing exchange. Thus bitcoin became a medium of exchange and its value has been growing in leap and bound ever since then. Many organizations and governments accepted bitcoin and this made it to share equivalent value with other fiat money. The acceptability of bitcoin gave birth so many other crypto currencies who aim to follow the track record of bitcoin. But with the recent fluctuations in the value of bitcoin many organizations would begin to express some level of fear on the future of bitcoin. This is because bitcoin is the first of its kind. There was never in time past a similar crypto currency that has such acceptability as bitcoin. Therefore there is no laid down pattern on how to tackle any problem that comes along the line. The continuous fall in the value of bitcoin has made many people to loose hope in it and thus sell all the amount at their disposal. Only if bitcoin can maintain a particular range of price then it will get a wider acceptability. And what happens to bitcoin will in one way or another have direct effect on other crypto currencies. If bitcoin continues to fall and rise in an unprecedented manner then many industries will loose trust in it and would rather resort to any other online money whose value fluctuates with the normal currencies.