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Bitcoin has struggled this year and its price plummeted to a two-month low latest Friday. Nithin Eapen, Chief Investment Officer at Arcadia Crypto Ventures has claimed the cryptocurrency will always be volatile but said that Bitcoin was the future. He said: “This is nothing you see. It has just fallen 20 percent this week, maybe in the two months, it has fallen 50 percent. “I used to remember times when this was one dollar, then it goes to $10 and then it’s back to $3. Compared to that, this is nothing.

GETTY•ALJAZEERA Bitcoin price news: Nithin Eapen said Bitcoin was not going away

“For all of those newbies out there, oh my God, they’re going to get crushed, but this is not classical music, or Jazz, this is punk rock, and they have to be ready for that. “If you are expecting classical music, something that is very calm, well you are in for a surprise.” Also speaking on Al Jazeera, Mr Eapen said: “What percentage of people are in crypto? And this is changing the world. “This is like 1994 and the internet. By 1998 most of the analysts out there were saying ‘by 2002 there is not going to be any internet there and this hype is going to go away.’

This is nothing you see. It has just fallen 20 percent this week Nithin Eapen, Chief Investment Officer

“So in between that prices went up and prices went down but the space is expanding”. The expert also claimed that he did not think Bitcoin would be able to be regulated. “One, you cannot regulate Bitcoin because nobody owns it,” he said. “You cannot take the server down, there is not one server to take down, there is not one company to take down.” Bitcoin’s price fell 5.74 percent according to Coindesk, down to $7,716.73, after opening at $8,186.65, at 10.52am (GMT) on Monday 5 February.

Cryptocurrency price: A year in charts Mon, March 12, 2018 Compare crypto currencies (Ripple, Bitcoin, Ethereum, LiteCoin) on value, market cap and supply for the past year Play slideshow coindesk.com 1 of 10 LiteCoin is going down with the market dip