Positive Comments, A Bank Back By Crypto and More
What seemed like 6 months of continued bashing of cryptocurrency and bitcoin might be over as continued support starts to move forward and the uptrend is happening.
I am still waiting for the 7k mark in which will take us to what I believe will be returning to a bull market.
But tons of news today support cryptocurrency and shows how it is becoming a part of everyday life.
1 Japan launched first ever Cryptocurrency backed bank
This is pretty awesome to me however I still don't want to see "banks" in control of this I rather each person be able to control it but even with fiat lets face it people just don't know how to control and use their paper money and credit correctly.
However unfortunately it is the one cryptocurrency if you want to call it that I continue to battle against which is XRP or Ripple which really is a "credit" version of fiat for banks to use instead of what a cryptocurrency really is.
However Bitcoin is also very legal in Japan so I hope to see a continued move towards Bitcoin and not Ripple.
2 SEC Gets Positive Comments
It seems like last year people complained to the SEC about fraud and scams that had to deal with bitcoin. Lets be honest the people putting money into these programs and sites where clearly dumb with their money as 90% of them screamed scam, pyramid scheme etc.
Well on the flip side of that the SEC got raving reviews to bitcoin ETFs which is a good thing it means that adoption of crytocurrency when managed correctly is a very real possibility in terms of it entering the stock market etc.
THE BULL RUN IS HERE!
the big banks are already feeling the evasion of market capital for the crypto.
It feels like we are on the opposite side of where we were at earlier this year: high prices and more FUD and less positive news. The net positive news we have had over the last couple of weeks could help stabilize prices as value is created by the realization of some of this news and projects actually launching and executing their roadmaps.
I think the black rock news helped propel the price recently, yeah I think we’ll be headed up in price, but really I’m glad to see some stability upvoted good luck!
@bitcoinflood, you are interesting to read!