A year ago, on December 17, 2017, Bitcoin price reached its all-time maximum — $19,783.21. Since then, it has steadily declined, just like the faith of investors in cryptocurrencies, and today, it is close to just $3,000.
Experts say this downfall is happening due to disheartening discoveries, like the one that nearly 85 percent of ICO’s in 2017 were a scam, or that more than 50 percent of Bitcoin startups stop functioning in four months after their ICOs.