On the Looming Bitcoin Bubble

Dramatic run-ups in the price of Bitcoin strangely seem to coincide with large exchanges having banking, withdrawal, and possibly solvency problems. This was the case with, e.g., Mt. Gox in 2013, and some have argued was also the case with long-suffering crypto exchange Bitfinex in 2017. It is possible that the current price of a Bitcoin bears some relation to, and is uniquely vulnerable to, regulatory developments.

Source: prestonbyrne.com