That comes as regulators in South Korea are threatening sanctions against cryptocurrencies such as bitcoin.

The value of bitcoin fell below $14,000 today. That, according to Bloomberg, is compared to the $19,000 plus figure on December the 18th.

Many financial analysts see bitcoin and other cryptocurrencies as bubbles which are ready to pop, leaving traders with a hole in their pocket. The South Korean moves follow concerns from other countries around the world, which wonder where the adoption of cryptocurrencies is going to end.

Meanwhile, according to CNBC, the Massachusetts Secretary of the Commonwealth described bitcoin as wild, uncontrollable and dangerous.

William Galvin said that investors in cryptocurrencies are playing with fire because of the way they can be manipulated. He said that the "wild" values showed how bitcoin is "entirely speculation".