Green numbers EVERYWHERE | genblockchainnews
As always, starting with a meme :
I seriously hope that you did so! As i have mentioned in my articles before, we only saw a hard correction of the market.
Finally, the corretion is finished and we are entering the bull market! So let's take a look at the most important news of the last three days:
1. People are talking about regulations:
As we all know, people are talking about regulations and they will come. It's just a question about when and how they will affect the market.
In this article, it's said that regulations may focus on
Who is doing what,
And whether people are allowed to do it
From my point of view, this is a great way to regulate cryptocurrencies without destroying them. Control doesn't have to be bad for the market. It also protects us from Scam and hackers.
2. Decentralized technology is being improved:
With big companies like Facebook and Samsung starting to develop new soft and hardware to improve the current technology we are making big steps, day by day.
As many people are talking about the big power consumption of Bitcoin they forget that new algorithms like "Proof of Stake" are much more efficient and will solve this problems very soon.
Never forget that we are just at the beginning of a big development!
Read more about it right here: https://www.coindesk.com/prices-aside-cryptos-tech-stack-steadily-improving/
3. A final look at the price action:
In the last two days, Bitcoin set a new high above $9k and then dipped again a little bit.
Nevertheless, it's clear to see that the bear market has been defeated by the bull market and I am convinced that we will see a big uptrend coming soon. At the moment, Bitcoin is at $8770 and I expect it to break the last high at $9k in the next two days!
Conclusion:
- Finally we got into a new uptrend
- Big companies are improving the technology of cryptocurrencies
- Regulations will come, but we shouldn't fear them
- I expect new ATH's very soon!