The Effect of Government Policies on Cryptocurrency Market

Abstract

Bitcoin is now famous by it's high level of price, but most people are not familiar with what Bitcoin is and why it is so expensive. Before studying different policies made by governments and how policies can affect cryptocurrencies market price, it is necessary to know several things: the characteristics of cryptocurrency and the technology behind the crypto token; how Bitcoin leads to different attitudes of the government in different countries, and policies made in the United States, Europe, China, and El Salvador respectively. Studying the market price level of the cryptocurrencies is a good way to research about how different policies can affect the trend of the Bitcoin price. And the price of Bitcoin would go down to some extent no matter whether the policy is beneficial or harmful to the cryptocurrencies.