Government regulations...

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In the Cryptocurrency realm, government regulations can make a person shudder and want to pull out while they feel they still can. Since the beginning of 2018, it has been reported that "$550 billion in value for the global cryptocurrency market" has been expunged.

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Recently, Google, Facebook, and now Twitter are not allowing cryptocurrency ads on their platforms anymore. Not only that but this year there have been many warnings that have triggered the decrease in value for Bitcoin as many are afraid of losing all of the resources they have invested into the blockchain. From the Pymnts article, the "Bank of International Settlements issued a warning to global central banks that were thinking of launching a central bank digital currency to carefully consider it before making a move." Other warnings came from Governor Mark Carney from The Bank of England, as Pymnts summed up his statement:

Cryptocurrencies were 'failing' and called for a crackdown of the market around the globe while the U.S. Securities and Exchange Commission has issued subpoenas as part of an inquiry into initial coin offerings.

The Pymnts article also stated that Jay Clayton, the SEC chairman, told lawmakers on the SEC back in February:

I think our Main Street investors look at these virtual currency platforms and assume they are regulated in the same way that a stock is regulated and, as I said, it's far from that and I think we should address that. Those who engage in semantic gymnastics or elaborate re-structuring exercises in an effort to avoid having a coin be a security are squarely in the crosshairs of our enforcement provision.

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This article came out March 30th, and at that time it noted the drop in Bitcoin was down 16%. "That exchange provides pricing for CME’s bitcoin futures. For the quarter, the value of Bitcoin is down 47.8%, noted the report." These numbers will most likely continue to drop as people are continuing to develop cold feet about their unreliable and unbacked decentralized currency investments. Even though that may not seem like good news, there is a bright side for those who are on the fence or do not want to lose their time and money. GODcoin is the solution because it will hold its value as it will be backed by GOLD and SILVER.

Find out more in the links below on how you can invest and save for the long haul!

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