The crypto community was disappointed yesterday after no announcements / public hearing was made regarding if Ethereum is a security or not. Bill Gates and Warren Buffet play the same old game of claiming crypto is a scam. New York Stock Exchange rumors about trading crypto.
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i`m sick of listening old guys opinion on bitcoin
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I am disapointed from Gates but i gues as older they get the more conservative they become
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Hi Mikel!
Thanks a lot for this Daily Update.
Do not worry my friend I think we all got scamed by the SEC fake news.
Really looking forward to the event in NYC. I hope we will get some great impressions out from you.
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Amazing how much fud can chaneg the price, this mean crypto is still in baby shoes.
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Yup. John McAfee also said that the SEC made us fear Ethereum because Bitcoin was so obviously just a currency and out of their realm. They want to crush crypto, so the only way to scare us is to frown at Ethereum. The legal field is clear: Fish will ride bicycles before Ethereum could be called a security
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I would say that Crypto will keep rocking even though there are hurdles in the path but ultimately crypto will overcome them. Crypto is no scam.
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In this situation, what is the future of the Crypto Currency? I'm thinking to invest some money in Crypto Currency. Investing in this situation will be safe? I expect your valuable feedback about this. Thank you for sharing the video.
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Despite the recent FUD, there will come a day we do get some news related to this but we need to have in mind that the regulators work for the government so they are never efficient when it comes to decision making. The regulation of cryptocurrencies in general is not something that will happen overnight as there are many considerations to review. There are also different agencies that will want to be involved in the process which is also not clear what it is given that most financial market laws differ among states and there are few federal laws that could immediately apply to the space. States will surely want to have a piece of the say as seen by states like Wyoming and Arizona whom have had their own views and laws passed. Also, I imagine that there are others in the government that are interested in ensuring the industry stays in the US given the potential for growth and innovation the technology has for the economy.
If you look at the results of the main banks for the first quarter of this year, their trading profits have increased materially due to the increase volatility experienced in the equity markets during the same period. Therefore, volatility equals profits for these institutions as they influence the market in their direction usually against retail investors. Given the inherent volatility of the Crypto market given its still immature market, they will surely want to participant to use their capital to profit as long as regulation permits.
I also imagine that many projects will have key announcements during the Consensus conference such as main net launches and partnerships. This could be a catalyst for price increases. Another announcement to expect is the additional traditional institutions that may come into the space as well.
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Technically they had the meeting, but was not to make a decision on banning or classing Ethereum as a security. None the less media fudded the market again.
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