Bitcoin The responsible for the fall of bitcoin finally found?

In December and February, a Japanese administrator of the Mt Gox cryptocurrency trading platform sold $ 400 million worth of bitcoins, which did not go without consequences.

The recent dramatic fall of bitcoin has come to find a new explanation: the tumble of virtual currency would have been due to the massive sale of bitcoins by the Japanese administrator of the trading platform Mt Gox Nobuaki Kobayashi.
On Wednesday, it revealed that it had sold some 35,000 bitcoins and 34,000 cash bitcoins for around $ 400 million between December and February. For many analysts, this resale has plummeted the price of cryptocurrency which has indeed lost half of its value since mid-December and fell by nearly 10% in recent days, returning below the threshold of $ 10,000.

Mr. Kobayashi explained that he acted to repay the creditors of the Mt Gox cryptocurrency trading platform, which declared bankruptcy in 2014. Since then, it has been the subject of a criminal investigation in Japan. flying 850,000 bitcoins.
However, the recent setbacks in bitcoin appear to be linked to many other factors, including numerous platform robbery cases and a wave of virtual currency regulation by several countries, including China, South Korea and Japan.

The Banque de France, for its part, published a note describing the development of crypto-assets as a "speculative bubble". The institution thus calls on the regulators of the financial system to question "an evolution of the regulatory framework adapted to the development of these assets, in a concerted approach on a European and international scale".