Regulations Might Not Happen

I feel like in the crypto world one minute someone says something and then next it is the complete opposite. Its honestly hard to try and figure out where crypto might be headed. In my own opinion I feel like it will continue to go up, up and UP as the years pass.

While the US has been hard hitting on Facebooks Libra coin it brought bitcoin back in the spotlight in terms of regulations and rules. However on a positive note coming out of the UK the FCA won't regulate bitcoin and ether. This could very well be the opening of the door for us to tell what might be happening here in the US in the near future.

When you think about it the government still has not put regulations etc on bitcoin and most cryptos. That reason might be because they simply don't want to and simply might never do so. If they do it could end up branding bitcoin and crypto as an legitimate currency and opening it up to be fully traded world wide which is exactly what they are fearing.

Perhaps this is why over the last three years countries from all over have said they will ban crypto, crypto mining and then instead back out and say it is ok. They continue to do this over and over and over again.

This does end up swinging the price a bit but overall the trend has always been up. Granted the 2017 bubble was a little much and far to soon. It was over bought big time and I believe we returned to normal again. My preferred price point would have been around $7,500 but it seems like we might not be heading there any time soon. This price point was based on our fallback after the 2017 rally and then when Facebooks Libra coin was announced.