Re: 650 U.S. banks will soon be able to offer bitcoin purchases
It sounds nice because it means that people in the US will have more opportunities to invest in cryptos. However, isn't the US against crypto exchanges?
Where did you get that idea? Despite all those conspiracies about the US being the enemy of crypto and the dollar feeling threatened by crypto at the end of the day when you do the math, you see that almost everything that counts for bitcoin will end up having something to do with the US. Coinbase, Gemini, Micro, Grayscale, and many, many more.
But surprisingly I notice Bitcoin's price drop after this news (Lol).
Yeah, I was expecting the price moves upward also because in Germany the investment funds are legally allowed starting today play with Bitcoin. But the price seems to go downwards. I'm used with oddities and manipulation, so I'll just give it more time. It'll go up eventually
I'm starting to get used to those, or rather to the lack of reaction, I have a feeling a lot of people and traders are not reacting to the news about the possibility of purchases but they are waiting for the actual numbers in terms of cash flowing to bitcoin through those routes. Also, I think a lot still believe we're heading to a bear season and are just waiting on the side for everyone else to make a move, but nobody wants to be the first, but it's going to be damn funny when nobody would want to be last, we might see some real fomo, just need the right sparks and fuel.