Why did bitcoin experience a drop in value?

[Ajebo25]

I have been hearing of bitcoin experiencing drop in value and I have come to ask why? bitcoin is known as the highest valued coin in the crypto market for that I don't know why, maybe because it was the first crypto to be launched or because it has been long since it was launched.

Many people never counted bitcoin to be anything when it first got launched in 2009 but a few people who bought bitcoin back then are millionaires today, since then bitcoin has changed the internet as many sites now accept bitcoin as a means of payment and a means of paying people online, many organizations has also been created in other to help people exchange their bitcoin to real money, bitcoin and other crypto wallets has been created as it is respected as the safest place to keep money, send and receive money anonymously.

Many people has invested in bitcoin since then but of recent I heard bitcoin has dropped in value which shocked me and am here to ask why?

 

[coinsrider]

Drop is value occurs in crypto ecosystem mostly 80% as its highly volatile asset formed only 13 years back hence.