14 April- Bitcoin created its all time high by reaching to near 65,000 USD.

17 April- Gary Gensler was appointed as chairperson of US Security and Exchange Commission. ( He started giving anti Bitcoin statement right after that) Gensler reiterated the SEC's stance that Bitcoin is a "speculative, volatile asset" that is primarily used for illicit activities, such as ransomware, money laundering, and terrorist financing. He contrasted Bitcoin with precious metals like gold, silver, and platinum, which have consumer and industrial uses.

11 May- Bitcoin pumped again to 60,000 USD.

13 May- Elon Musk suddenly realised Bitcoin is bad for environment. He tweeted “Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment. Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy/transaction.”

18 May- China banned Bitcoin mining.

I think you get my point here. These things happen each year. In 2022 we witnessed Luna and FTX crashes and some other major companies like BlockFi, Celsius, 3 Arrows, and Voyager digital went bankrupt. The whole point of Bitcoin was to build a decentralised system so any centralised institution cannot control it and wrong decisions taken by few people can’t have any impact on it but still Bitcoin got affected so much by these centralised institutes and by the wrong decisions taken by only few people who were the heads of those companies.

So what can we do after knowing all this? The answer is, Nothing. You can literally do nothing about it. Then what is the point of this article? I don’t know. I really don’t know. I was researching and started writing the article and researching again and I don’t know where this is going but I do know that I love Sydney Sweeney. Actually no, I wrote this because I saw people freaking out. After reading this whole article you will have a little bit more peaceful mind (I hope so) because it’s just nature of market. Thank you