More and More adoption makes it look a brighter future for Cryptos
The last 1 week the market has been steady, that does not give any good or bad sign, it's just been consistent to the fallen lines and not giving any extreme volatility which kind of is a relief. You still cannot say anything till the BTC crosses 25K mark. Right? A long long time, but when it starts moving then there is no looking back. In the past also the market has taken 2 to 2.5 years to give the next run and possibly it's going to be the same situation now. Whenever I feel low with this Crypto market movement, I talk to my Son. He has been studying the market since many years and has good knowledge; when he gives me his advice, I feel good and hopeful.
Today morning I get to read that Brazil lawmakers have passed the bill regulating the use of Bitcoin as payment and as an investment asset. This is a very positive move for the market where the whole Country is adopting to Crypto in its best capacity. We need such more Countries who would take such decisions and with that people's faith in Crypto will build up. Brazil also aims at boosting its Crypto sector overall.
India has still not been in favor of the adoption so it's going to take a long time till people of India actually feel confident to go ahead with these investments. Eventually everyone will have to.
On the other hand, I also read that Telegram is planning to build a decentralized cryptocurrency exchange and non-custodial wallets. This may help to restore people's trust in the crypto space which is now very shaky after the Luna and FTX incidents. As of now this is what is needed the most, to restore people's trust, especially those who would have just started their journey with Cryptos and lost out. For them it would be a very traumatic experience if they have lost big amounts.
While the whole space of Cryptos is decentralized but eventually regulations will set in to curb these kinds of devastating events. In some way it will be good and some way it will be not, because at some point the whole idea of decentralization will be lost and it may just become one of those controlled assets like any other. At the end of the day security also matters. People invest huge amounts and it is very painful to see it getting lost in these scams.
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You shared some positive sides of crypto, which is light of hope for us who don't have any idea related to the same.
You have to be just patient in this market and no be very greedy. When the bull market sets in you need to start selling it in parts because we can never time this market's peak and bottom. So averaging out is the best way to go
Greetings friend, I hope you are well 🙏
Excellent news about the crypto market because it generates confidence in investors. It is good that your son knows very well about trends and advises you about it.
Thank you very much for sharing..
Best regards 🌺
Thank you my dear. I am sure we will have sunshine as well in this market. It's matter of time, till then keep collecting whatever you can
Thank you, friend!
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