Bitcoin has been everywhere for the past six months – it even had a Big Bang Theory episode dedicated to it. That isn’t an insignificant fact either if you consider B.B.T. is the most-watched and top-rated scripted show on air. The problem is, now that everyone is watching, it seems that bitcoin’s bubble may have burst.

Why have I taken such a hard-nosed (and granted unpopular) stance? Well, every bubble has a prick that bursts it – and at the moment, bitcoin seems to be snuggling up to a porcupine. The biggest prick (I’m not even going to make a joke about Zuckerberg) is Facebook banning Bitcoin including all ads for ICOs and other Cryptos. Why is this the biggest prick? A lot of bitcoin’s meteoric rise was chalked up to the public’s increasing interest in investing in Bitcoin. Some analysts say that a third of all millennials will be invested in bitcoin this year. It was everywhere and some of the more sensationalist media reports of overnight bitcoin billionaires and people becoming independently wealthy because they were early crypto-adopters further fueled the hype. This caused a rush of speculative bitcoin purchasing and trading – that is the bell which tolls before the epic fall of most market bubbles. But we still haven’t seen the catalytic event that will bring the burst of the bubble – is Facebook’s ban on ads the prick?

What does Facebook’s ban on bitcoin and cryptocurrencies involve?

And this is an umbrella policy, this prohibits…everything in the aforementioned section according to Facebook’s “New Ads Policy: Improving Integrity and Security of Financial Product and Services Ads”. Ironically this is one in the same Facebook that allowed dozens of U.S. voters to be misled by political advertisements funded by Russian accounts. Just sayin’.

Facebook mentions that the policy is “intentionally broad” until they work on vetting misleading and deceptive better *cough*fakenews*cough*.

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