Bitcoin ban on US credit card issuers

[rapwindsoul]

Bitcoin ban expands across big U.S. credit-card issuers such as JPMorgan Chase & Co. and Bank of America Corp., as they are deciding "they don’t want to finance a falling knife". Bitcoin has rapidly lost more than half its value since Dec. 2017. The drop occurred amid escalating regulatory threats around the world, fear of price manipulation. Also Facebook Inc.’s ban on ads for cryptocurrencies and initial coin offerings. Is this a sign of cyptocurrency downfall and risky for long for the long run?

https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards