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Concerns about security and rising regulations have so far kept global investment banking firms and large money managers away from investing in bitcoin and other cryptocurrencies. However, there are still sizable small- and medium-scale investors who find virtual currencies as an instrument for various reasons -- from seeking short-term profits to taking investment out from Asian countries, or using it for illegal transactions. Most Wall Street analysts liken bitcoin's meteoric rise and steep decline to the dot-com bubble in 2000, or Dutch tulip mania in 17th century. Investment banking giant Goldman Sachs warned in January in a report that cryptocurrencies have moved beyond bubble levels in financial markets. ”We do not believe that these cryptocurrencies will retain their value in the long run in their current incarnation,” it said. Bitcoin dives to $17K again, hovering around lowest in 2 years. The low dep casino bitcoin market, however, is significantly down from $3 trillion market cap that was recorded in November. Price of Bitcoin was below $17,300 at 8.00 a.m. EDT, while it traded at $17,750 at 10.00 a.m. EDT for a 8.5% loss. Price of the world’s largest crypto by market size was hovering around its lowest level since December 2020. Ethereum, the world’s biggest altcoin, was trading at $1,237 for a massive 14.1% daily decline.