Re: Because of all these regulation news, I am excited for the future of crypto
Every country trying to regulate crypto and force exchanges to comply with rules is one of the best thing that can happen to crypto world.
It means they acknowledge the existence of crypto.
Yes in the short term this will make crypto market very spiky, but in the future this will bring in a lot of new investors and especially big investment companies.
All those bankers who say that Bitcoin will fail can suck it
It means they acknowledge the existence of crypto.
Yes in the short term this will make crypto market very spiky, but in the future this will bring in a lot of new investors and especially big investment companies.
All those bankers who say that Bitcoin will fail can suck it
I won't say it is the best thing that can happen to crypto world. This is directly against the basic idea of Cryptocurrency. It is supposed to be decentralized in nature. Regulation is not just acknowledgement of cryptos but also a plan to increase tax earning as well as reducing money laundering activities.
But if countries are regulating the exchanges and the crypto usage in their country, it will certainly increase the adoption rate of cryptos which is a good news in long term. As you have rightly pointed out, we will see an influx of new investors as well as big corporations will start showing interest in crypto market pushing the price higher than ever.
The way Cryptocurrency is moving now, even Banks will be forced to venture into the crypto market sooner or later. Because banning Cryptocurrency is technically not possible, so it is wise to adopt it and turn it into opportunities.