All it took was a nasty tweet about major regulation coming and a drop of 15% to bring em out

There are some nasty rumors out there right now, and they may not even be rumors at this point.

The CEO of Coinbase says that major regulations are being prepared by President Trump and Treasury Secretary Steve Mnuchin.

If true, and it remains to be seen how true or to what degree they are true it could really change the crypto landscape in the United States.

And of course, the bears are taking every advantage to drive this home.

None more so than out beloved bitcoin basher and resident rock lover, Peter Schiff:

(Source: https://twitter.com/PeterSchiff/status/1331962451248738304)

There are numerous others out there wanting nothing more than to crush the price of bitcoin.

This is bitcoin's first major test in several years in terms of staying power and resiliency, how does it respond?

There are more billionaires and large corporations on its side this time around, that should help.