It's not only China that utilises crypto. Just last week, news quickly spread about El Salvador adopting Bitcoin as a national denomination. A small and brave country. Since this news has been received, bitcoin has been granted a kind of official status. No longer just a community driven project for techies but a project given the green light by a world economy. It's our opinion that Bitcoin and cryptocurrencies are not yet mature and stable enough to fully replace the worlds fiat system. That doesn't mean never, just not yet. Blockchain based financial systems are the next level of evolution for our planet and people. Day by day, people's familiarity with Bitcoin and cryptocurrencies grows. The worlds relationship with crypto is maturing.
Savings. We all like to think our nest-eggs are safe and sound stored away for a rainy day. It is an essential cog in the financial machine. Having strong savers and investors embedded in your ecosystem boosts trust and confidence. The overall effect is the exponential increase in markets with interconnected financial systems.
The previous week was littered with crypto milestones. Another milestone worth highlighting was the news coming out of Texas that state banks were no able to provide custodian services involving cryptocurrencies. What does this mean? It means a new window has opened. Now the banking system of the United States can begin offering customers crypto related services. This new system will not take much time to become widely accepted in Texas. All of these factors help the crypto cause gain wider acceptance.
Well, what does it mean in general? The reality is slightly more complicated. FUD and unpredictable market fluctuations still occur, frequently. Rather than fear it, we should see it as part of the game, and count on it.
In this "Game" you need to be smart. Make measurements, check results. Nobody can truly predict the future, but we can make an effort to be more educated so that our decisions become more refined and instinctual. This is not a free meal. You must invest more than money. You must invest time. Step out of the FUD echo chamber and into the chamber of reality. Where indeed, anything can happen. Do you feel that?
Our great planet has many wonderful and vibrant cultures. Many existing in countries that have implemented proper cryptocurrency regulations or have begun the process of implementation. Almost on a weekly basis we are hearing news of other countries allowing, validating and giving the green light to our beloved blockchain tech. Emerging economies are building from the ground up with de-fi and cryptocurrency built into the infrastructure. Leading the way in some cases. Opening doors for new companies to grow. The almighty Google Inc has opened up another of those windows, allowing certain advertising to be shown on Google networks regarding cryptocurrency from August 2021. Millions of people across multiple continents will see these adverts. Advertising about exchanges, mining and verified companies. Read more about the news from google here
. Payment systems can now service crypto-friendly classical banking institutions. Banks can issue card and accounts with crypto enabled for retailers and consumers.
Big companies around the world are joining market. The invest and build their own projects. Building institutional grade solutions that reflect traditional markets such as dark liquidity pools, dark pools, custody services etc. Today's price is secondary to the asset's overall bullishness. When your strategy is long, you can survive most market fluctuations with relative ease, and even use those dips and troughs to your advantage.
Think hard on your strategy, don't get REKT.