Let's be honest here even with all the regulations, crypto reserve and pro crypto government in the USA crypto sentiment has been falling like a rock. What's becoming clear is maybe people don't want government involved with crypto after all. Like I've said before when the government starts using it and fully adopting it including banks which bitcoin was created to to be anti these things it kind of loses it's luster. But throw enough money at anything and that luster will come back lol.
For me right now is one of those times that while everything feels in the temps you should actully be doubling down and building your stockpile faster than ever.
*This article is for entertainment purposes only and is not financial advice.
Now the reason it's been so low is because even with all this pro stuff going on. Trump elected, pro house and congress towards crypto, SEC done filing lawsuits against everyone for no reason and so on that's all done and over now so the thought it well this is as good as it's going to get being that all of these things are already in play and we continue to see a slow sell off happening.
What's New?
There's a main difference here happening compared to the last amount of rallies we have had. And that's legitimate companies and governments adopting the asset now. To be clear a majority of crypto up until now has been mainly around speculation that the asset was going to be worth more later and riff with scams, ponzi's and a ton of other negative things. It still happens to this day.
No more abusive SEC which means adoption can actully happen now. No more guessing if you owe taxes, are doing something illegal or what the SEC says you're not allowed to do and so forth. This will finally pave the way for more people and large companies to get involved with crypto.
We also saw the FDIC and other government arms pretty much make it impossible for banks and others to deal with or hold these types of assets in the past. This as many of you know has been called operation chokepoint 2.0 which was though to be a conspiracy theory only to once again to be proven right.
This change once again means further legitimately of cryptocurrency allowing for more larger scale companies and governments to now get involved in the asset class. But in a way again I want to state this a few times is this kind of loses the luster of what bitcoin and crypto was designed to do in the first place and that was to restore the power back into the peoples hands by cutting out government and the middleman.
This is two key places the SEC and FDIC that were really holding crypto back in terms of company adoption and anyone really wanting to deal with the asset class.
Posted Using INLEO