Bitcoin Investment Fads

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According to Bloomberg.com, Bitcoin began the week on a down note, declining as much as 8.7 percent and pushing the biggest cryptocurrency’s decline for March to about 25 percent.

Questions:
1. Who has confirmed that it will ban Bitcoin offering advertisements?
2. How is the SEC involved with Bitcoin in recent weeks?
3. Why have some called Bitcoin an investment fad and what is the composition of an investment fad?

Source:

Russo, C. (2018).Bitcoin Breaches $8,000 Level as March Slump Accelerates. Bloomberg.com, March 26 (Retrievable online at https://www.bloomberg.com/news/articles/2018-03-26/bitcoin-approaches-8-000-level-as-march-slump-accelerates)

Kharif, O. (2018). The Bitcoin Fad Is Fading—for Now. Bloomberg.com, March 14 (Retrievable online at https://www.bloomberg.com/news/articles/2018-03-14/bitcoin-pop-culture-moment-fades-as-fad-gives-way-to-regulators)