USING BITCOIN FOR INTERNATIONAL TRANSACTION
Because Goldman Sachs and other investors are eager in purchasing a few FTX subsidiaries that are still Solvent, it is conceivable that we will witness the wolves of Wall Street acquiring at least one blue-ship cryptocurrency business. There are numerous cryptocurrency exchanges and platforms that have shut down over the past year; it's not only FTX. Examples include Celsius, Blockfi, and Voyager Digital. It is possible, if not likely, that some of these companies' business assets will be purchased by a traditional financial institution looking to provide cryptocurrency services. Even the possibility of Coinbase being purchased by large institutions like JP Morgan is a subject of rumor.
Because Goldman Sachs and other investors are eager in purchasing a few FTX subsidiaries that are still Solvent, it is conceivable that we will witness the wolves of Wall Street acquiring at least one blue-ship cryptocurrency business. There are numerous cryptocurrency exchanges and platforms that have shut down over the past year; it's not only FTX. Examples include Celsius, Blockfi, and Voyager Digital. It is possible, if not likely, that some of these companies' business assets will be purchased by a traditional financial institution looking to provide cryptocurrency services. Even the possibility of Coinbase being purchased by large institutions like JP Morgan is a subject of rumor.
The SEC has both Coinbase and Circle under investigation. Regulatory action against one or both businesses might further depress the price of coinbase stock than it already has. A buyout of some sort could happen if the price of Coinbase stock drops far enough. After all, Coinbase is the biggest cryptocurrency exchange in the US, and over the past two years, Wall Street's major financial institutions have observed billions of dollars flow from accounts onto their exchange. They have also witnessed the power of money and the volume of information it can gather.
BTC will begin to be used for international trade; some nations, like Iran, may already be doing so. Although Iran has not yet confirmed its use of BTC, other nations have expressed interest. It goes without saying that the majority of the nations interested in adopting BTC for international trade are those that have been subject to restrictions or scrutiny by the US and its allies. This list, which was previously limited to a few rogue behaviors, is now rapidly growing as we move into the so-called multi-polar world. The US and its allies are at one pole, and the BRICS are at the other. As you make know already that the BRICS are currently working of their own reserve currency which will a combination of the existing currency.
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