[ad_1]
Bitcoin boomed over the past week, gaining 20% (or more than $ 1,300) and reaching $ 8,000, a price unmatched since mid-May.
The Bitcoin dominance index also increased, reaching 47 percent, the highest since December 2017, as altcoins were not able to track the world's most popular cryptocurrency .
Bitcoin operators are so optimistic that some even suggest that the mother of all the bullfights could be on us?
Some positive news in recent weeks has come from none other than Goldman Sachs and Blackrock. Goldman Sachs, Lloyd Blankfein, will be replaced by David M. Solomon, who revealed that the investment banking giant is seeking to enter Bitcoin and cryptocurrency.
"We clean some futures around bitcoin, declare other activities there, but going very cautiously," he told Bloomberg TV China. "We listen to our customers and try to help our customers while they explore these things too."
Meanwhile, there are also rumors that Blackrock, the largest ETF provider in the world, will enter cryptocurrencies. In addition, it seems that the operators do not buy the claims of the CEO that no customer has requested cryptographic exposure.
Last week, a positive announcement was also received from the Financial Stability Board (FSB), which concluded that cryptocurrencies do not pose a threat to the global financial system
The FSB is in favor of Robust market control given the speed at which technology is developing. However, the big conclusion is that global regulators will probably take a more flexible stance in Bitcoin and cryptocurrencies.
Meanwhile, the G20's latest report goes so far as to claim that cryptocurrencies can be beneficial for economies. It reads:
The technological innovation, including the underlying crypto-assets, has the potential to improve the efficiency and inclusion of the financial system and to the economy more broadly.
Bitcoin that positive public comment flooded the Securities and Exchange Commission (SEC).
Now, an approval, which is expected by August 10, seems to be almost certain, according to an unverified report from the OIC Journal. The CFTC's "most optimistic source" said: "I'll call it 90% at this point." Encryption markets have moderated and regulators have noted the lack of drama surrounding Bitcoin's future. in several world stock markets.The moderation of prices and the adoption of a "product of pairs" is what the conversations focused on.In January, we were legitimately concerned about a bubble and the damage that A rapidly approved product could attract speculators and create losses that have led to significant lawsuits.Now, these factors seem to be considerably mitigated. "
A positive result is expected, according to another source not leaked from the SEC, which estimates that the decision-making process will likely continue for an additional 45 days.
"I would expect a positive result in September, or if it lasts a little longer, these are just a few" i points and cross t "that are being finalized in a broader regulatory language in the cryptographic space, "explains the source.
Source link
