Is the bull market for Bitcoin and crypto about to start?
The US Senate has passed the [1.2 trillion bipartisan infrastructure package]
(https://www.cnn.com/2021/08/08/politics/senate-infrastructure-sunday/index.html).
You can read about it from CNN as I did. [Senate passes massive bipartisan infrastructure package]
(https://www.cnn.com/politics/live-news/senate-infrastructure-bill-vote-08-10-21/index.html).
To quote and recommend a great read from Fortune.com: [The infrastructure bill is a coming-of-age moment for crypto]
(https://fortune.com/2021/08/10/infrastructure-bill-crypto-amendment-regulation-coming-of-age/)
"Two things show that the blockchain and crypto industry have come of age.
The first is that the industry was targeted in the first place in the
original bill, however misguided and ill-informed the provisions were.
The second is that the industry demonstrated its political weight by
organizing a rapid and coordinated intervention that succeeded in producing
amendments, and that thwarted provisions that should have been stricken
altogether and debated as a part of a separate cross-sector discussion on
harnessing exponential technology in the U.S."
In Alberta, Canada, [Up to 1 million' bitcoin processors could be relocated to Alberta from China under energy firm's proposal]
https://www.cbc.ca/news/canada/calgary/bitcoin-mining-black-rock-petroleum-company-1.6106978)
"Three natural gas-producing sites in southern Alberta could host "up to one
million" bitcoin mining machines relocated from China under a deal proposed
by Nevada-based Black Rock Petroleum Company amid Beijing's ongoing crackdown
on cryptocurrency production and trading."
Lastly on my article reading is [AMC could start accepting bitcoin as payment by the end of 2021]
(https://globalnews.ca/news/8100050/amc-bitcoin-price-payment/).
All that being said, why is it all important for Bitcoin? For Crypto, for Leo,
for Hive, for CTP, for Alive, for all crypto?
As much as people may not like or do like, Bitcoin is the Father of all other
crypto. As goes Bitcoin so follows all other crypto.
Let the bull run begin. Bitcoin is down to 45K as of this writing. But I expect
it to climb going forward.
Bradley
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Let the Bulls Wake up....
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