Welcome dear readers, through the following lines of writings, we will address the relationship between one of the traditional in the economic jargon and the world of cryptocurrencies, specifically talking about the FED or stock exchange of the United States, which is evident has been generating a direct impact on the behavior of Bitcoin and cryptocurrencies in general.
Bianca Holland
However, before entering the context it is necessary to understand that the U.S. stock exchange is one of the largest in the world and is composed of several exchanges, such as the New York Stock Exchange (NYSE) and the NASDAQ Technology Stock Exchange. In general, the U.S. stock market has experienced steady growth over the past decades, although there have been notable fluctuations and declines in times of economic crisis.
An example of this is during the time of the pandemic, during the arrival and stay of COVID-19, the stock market experienced a sharp drop in March 2020, but has recovered to a large extent since then, no doubt the government's economic stimulus and the availability of vaccines have helped to drive growth, but there continues to be an increasing degree of uncertainty about the future of the economy and the possibility of a market correction.
For its part, the market associated with cryptocurrencies is based on a decentralized digital asset, associated with novel technological implements as represented by the blockchain that generates security and transparency between users and transactions, which has allowed an exponential growth in recent years, with an increase in the value of Bitcoin of more than 900% in 2020. However, cryptocurrencies are also highly volatile and can experience significant drops in value in a short period of time. In addition, regulation and widespread adoption remain an issue in the cryptocurrency industry.
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Based on the above context, recently a media scenario was generated where certain conditions and information about the US economy are exposed, which undoubtedly generates a direct influence on the world economy, being this country one of the great powers and undoubtedly this media action generated in Bitcoin and its investors a kind of excessive anxiety that has caused the price to slow down again, but beyond the above, the following statement of the SEC chairman himself draws my attention in a big way:
"In the fall of 2022 alone we received more than 35,000 complaints from the ecosystem, which was equivalent to all the complaints it received in 2016, which required executing resources of $6.4 billion; however, constant technological innovation forces us to get new tools, have more staff and invest resources in upgrading."
If we go into context, we realize the relevance of cryptocurrencies and how large associations are looking for ways to get involved and take control of an economic model that has come as an alternative to the old bureaucratic system where only a few were the ones who had under their power an entire economic model and where minorities were just that, a minority.
However, I would like to leave this open and know your thoughts on whether or not a regulation of the crypto market is necessary, knowing that everything seems to be a matter of resources, which leads me to think that Bitcoin is a problem and they are appropriating the problem to control it and manipulate the price at will.
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Grateful with the community @project.hope and with all the management team of the same one that they motivate us to continue working in a mutual and balanced growth.
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Upvoted 👌 (Mana: 3/4) Get profit votes with @tipU :)
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Hello @madridbg, in these moments of global chaos due to various issues in different countries, we are witnessing how the "old bureaucratic banking system" is becoming more and more destabilized due to the fear of running out of power, they are reacting with attacks that far from achieving their objective alone They are ratifying the theory that the decentralized economy provided by crypto assets will be the basis of the economy of the future.
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