Bitcoin and RBI: Is It A Case Of Murphy’s Law For BTC Supporters?

Bitcoin drop 7.4 percent
Reserve Bank of India could get a boost with the latest draft bill proposing more stringent measures against crypto investors and developers.Yesterday’s FUD that India’s legislators are proposing a ban of cryptocurrency mining, trading or holding did expose RBI’s underbelly. Such punitive steps often trigger rebellion in a Streisand effect, popularizing Bitcoin and cryptocurrencies. All in all, BTC is down 7.4 percent from last week’s close.
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