Internet giant Google has landed a blow major when in fact for Bitcoin after it was announced that adverts for the cryptocurrency would be removed from its platforms. Bitcoins valuation hit a low for March on Thursday - trading at under eight thousand dollars following an 11 percent drop in just 24 hours.
Here's how Google explained this ban anyway now we don't have a crystal ball to know where the future is going to go with cryptocurrencies but we've seen enough consumer harm or a potential for consumer harm the did scenario that we won't approach with extreme caution.
Google's ban will come into effect in June and it follows a similar move by Facebook earlier this year the social media platforms still, however, allow some financially based adverts.
But cryptocurrencies are strictly off the list bitcoin no face has been cut off from two of the world's biggest advertising sellers there but whether that's going to halt crypto mania is up for debate, as stories like these, of course, grab potential investors in Chris O'Shea sank $10,000 into Bitcoin.
in 2013 he's now turned it into 20 million dollars I turned 350 dollars into 12,000 she says that 12,000 turned to six figures in a year he became a millionaire at 24, well here's the flipside you can see on your screens now there as well and perhaps why Google and Facebook are concerned for every up there's a well-documented down let's talk about the pros and cons of the Google ban and Charlie balls with this financial