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Bitcoin fell for half a year, over-consumption blockchain

Since the beginning of this year, the price of Bitcoin has been seldom striking and plunging, and it has been showing a monthly decline. According to industry sources, from the first half of last year to the present, it was the process of formation and extrusion of the Bitcoin bubble. There are two main reasons why Bitcoin’s price declines in the first half of the year: First, and most importantly, institutional investors and speculators who have accumulated a large number of “profit making” profits are leaving the market; The price increase of bitcoin can only be seen as a speculative speculation before the real application and profit model of the blockchain industry emerges.