Is the Bitcoin bubble about to burst following 20% plunge?
Bitcoin fell almost 20% in the space of two days after its spectacular 2020 rally.
The cryptocurrency's price recovered to around $36,000 on Tuesday after dropping to $30,000 on Monday.
This follows a year in which Bitcoin's value almost quadrupled to around $40,000.

Is this scenario a repeat of the 2017 bubble?
RELATED: Should you buy Bitcoin right now? A handy 3-point checklist…
According to some experts this time is very different - Bitcoin is going institutional.
"This time it is not inexperienced retail investors – your neighbour, your aunt, your running buddy – who are buying bitcoin. More and more, it is the financial bigshots".
That's the word from global fintech fundi Lex Sokoling from blockchain company Consensys.
The Money Show's Bruce Whitfield gets some insight from Paul Mitchell, blockchain and cryptocurrency expert.
Supply and demand... Bitcoin's supply is capped at 21 million electronically by the programming. There are currently about 18 million in circulation and a lot of those are just being held by people.
Paul Mitchell, Blockchain and cryptocurrency expert
A lot of institutional adoptions - that's the conventional wisdom about what's driving this current bullrun.
Paul Mitchell, Blockchain and cryptocurrency expert
You've got big companies especially in the US, for example insurer MassMutual put $100 million into Bitcoin and at the same time bought into a Bitcoin infrastructure business.
Paul Mitchell, Blockchain and cryptocurrency expert
They're seeing an increase in confidence in other people doing the same thing.
Paul Mitchell, Blockchain and cryptocurrency expert
It comes down to a collective belief that something has value, says Mitchell.
It's just the beginning of this... It's not just a kind of magical Internet money...
Paul Mitchell, Blockchain and cryptocurrency expert
For more detail, take a listen:
More from Business

Windhoek beer ad banned in SA for entrenching 'toxic masculinity'
Teased for requesting lime with your beer? The Advertising Regulatory Board says the message is that 'real men drink real beer'.
Read More
Wine producers set to challenge alcohol sale ban in High Court
'Dialogue with govt is not working so as a last resort we decided to lodge an urgent application' - Vinpro MD Rico Basson.
Read More
'The Great African IP Address Heist' - 4m stolen, most from SA organisations
'You can sell them for a lot of money or you can lease them if you want to make an annuity income!' - MyBroadband's Jan Vermeulen
Read More
Would you invest in a blank cheque company?
Two stories that could point to trouble online and on Wall Street
Read More
Alcohol ban: Crisis looming for barley farmers reliant on beer production
A new harvest lies ahead and farmers are already paying to store unsold barley, 80% is traditionally destined for the beer market.
Read More
There are measures to minimise COVID-19 vaccine corruption, says Treasury
With no funding already set aside for the COVID-19 vaccination, Treasury has had to work with the Health Department to approve various deviation requests to ensure that monies were freed up for the programme.
Read More
Fixing “the Eskom problem” is going to require a serious restructure
Fixing “the Eskom problem” is going to take much more than just throwing good money at it – Eskom needs to be restructured.
Read More
IMF expects 5.5% global growth rebound thanks to vaccines, but SA lagging behind
'I guess the IMF is concerned about our lack of a vaccine rollout plan' says economist Kevin Lings on The Money Show.
Read More
[VIDEO] Ramaphosa urges rich countries to release 'hoarded' vaccines
President Cyril Ramaphosa criticised 'vaccine nationalism' in an address to the digital Davos World Economic Forum.
Read More
New series of free online courses to help young people boost employment chances
Giraffe has partnered with Unicef to train job seekers in those skills in greatest demand, targeting the youth and medium-skilled demographic.
Read MoreMore from Lifestyle

Windhoek beer ad banned in SA for entrenching 'toxic masculinity'
Teased for requesting lime with your beer? The Advertising Regulatory Board says the message is that 'real men drink real beer'.
Read More
New series of free online courses to help young people boost employment chances
Giraffe has partnered with Unicef to train job seekers in those skills in greatest demand, targeting the youth and medium-skilled demographic.
Read More
10 predictions for South African fintech in 2021 – the future arrived early
The Money Show’s Bruce Whitfield interviews Dominique Collett, Head of AlphaCode at Rand Merchant Investments.
Read More
How the Putins and Trumps of the world weaponise our perception of reality
Bronwyn Williams (Flux Trends) reviews "This Is Not Propaganda: Adventures in the War Against Reality" by Peter Pomerantsev.
Read More
[EXPLAINED] Can your employer force you to take a Covid-19 vaccine?
Can employers make it compulsory for employees to get vaccinated against Covid-19? A labour lawyer explains on The Money Show.
Read More
Sello Maake kaNcube has the perfect playlist for you on Spotify
Spotify has a soundtrack playlist for you, tailored by your favourite newsmakers for you to indulge in.
Read More
Veteran American TV and radio broadcaster Larry King passes away
King's media company, Ora, announced his death on Saturday in a statement issued on his Twitter account.
Read More
Jonas Gwangwa, award-winning jazz legend, passes away aged 83
Jonas Gwangwa's death falls on the third anniversary of fellow South Africa jazz legend Hugh Masekela's death and the third anniversary of Zimbabwean legend Oliver Mtukudzi's death.
Read More
Ginger shortage impacting ginger beer quality and price - SA producer
Yamama Gemmer prides itself on using the best-quality imported ginger. Now it's forced to source the spice from wherever it can.
Read More
If interest rate remains stable, 2021 to bring more surprises in property market
Despite the pandemic, 2020 saw a rally in residential property sales. Andrew Golding examines the trends expected in 2021.
Read MoreMore from World

IMF expects 5.5% global growth rebound thanks to vaccines, but SA lagging behind
'I guess the IMF is concerned about our lack of a vaccine rollout plan' says economist Kevin Lings on The Money Show.
Read More
[VIDEO] Ramaphosa urges rich countries to release 'hoarded' vaccines
President Cyril Ramaphosa criticised 'vaccine nationalism' in an address to the digital Davos World Economic Forum.
Read More
Vaccine nationalism a concern, Ramaphosa tells WEF
The world has been in a race to get people inoculated against COVID-19, with African countries yet to join the rolling out of the vaccine.
Read More
President Biden reaches out to Trump supporters: 'We must end this uncivil war'
Joe Biden's been sworn in as 46th US president. Axios reporter Ursula Perano on what to expect from his first 100 days in office.
Read More
What do flatulence-filtering undies (for real) have to do with Donald Trump?
A campaign for a UK underwear producer manages to attach itself to the US presidential transition, earning Andy Rice's hero award.
Read More
Social media bans might raise problems for free speech in the future - Expert
Constitutional law expert Prof Pierre De Vos is interested in what we will do in a case where a private company bans somebody.
Read More
'US dodged bullet by upholding its Constitution after Trump second impeachment'
Steam Works director and social scientist Dr Dinesh Sharma reflects on the country's Senate voting to impeach the president.
Read More
Telegram now counts 500m active users. 'People are rebelling against Facebook!'
The new privacy policy being implemented by WhatsApp's parent company is the straw that broke the consumer's back - Toby Shapshak
Read More
Trump claims incendiary speech before Capitol riots was 'totally appropriate'
With steps afoot to remove/impeach Donald Trump ahead of Biden's inauguration, he's chosen to visit 'his' wall on Mexico border.
Read More
[LISTEN] Why WhatsApp is updating its policy
Strategy Works Consulting CEO Steven Ambrose says people are utterly and completely overreacting to a standard request.
Read More