This news is both exciting and concerning at the same time. It's exciting that crypto is becoming more mainstream and more widely adopted. It's concerning because when large institutions get involved in financial markets many things can change and the changes are not always the best in the long term. Only time will tell how this will impact everything, I guess. Great post!
Ivy
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I like your point of view @socent it could possibly turn with lots of silly regulations here and there and lots of ways to get us taxed
I'm hoping that government officials will work towards understanding crypto better and will realize that this needs to be treated as a currency and change the tax regulations that are currently in place, at least in the US. Maybe that is naive thinking but I can be hopeful, right? Thanks for the response!
Ivy
I hope so too Ivy, but knowing these governments they will choose to ignore the importance of cryptocurrencies and stick to the traditional way of printing fiat. They like to be in control crypto isn't giving them such power so they feel threaten. Thanks for your opinion Ivy