Disclosure: I own some Bitcoin, Bitcoin Cash and Ether. The price of bitcoin has hit its lowest level for several days at $ 6,400 , after experiencing a downward trend for four months . But Oliver Isaacs , founder and CEO of blockchain start-up ExsulCoin , said markets were not suffering from widespread pessimism about the digital currency and bitcoin was not in a bear market. Blockchain adviser James Song added that a corrective rally might take the currency back 6,400 , but said that clarity of regulation was needed if digital currencies were to be seen as having legitimate value and a reliable medium for financial deals.
The price of bitcoin has hit its lowest level for several days at $ 6,400 , after experiencing a downward trend for four months . But Oliver Isaacs , founder and CEO of blockchain start-up ExsulCoin , said markets were not suffering from widespread pessimism about the digital currency and bitcoin was not in a bear market. Blockchain adviser James Song added that a corrective rally might take the currency back 6,400 , but said that clarity of regulation was needed if digital currencies were to be seen as having legitimate value and a reliable medium for financial deals.