BTC 2016 to 2018 Bull Market Fractal Overlay - Indicated PT$400k
All on the chart - just for indicative purposes - use this as research, not necessarily to drive a single decision but to compile multiple data into stronger conviction that gives one intelligence to make a move.
We are experiencing a V shape recovery imho.
We are experiencing a V shape recovery imho.
코멘트:
Also getting a buy signal in the middle of a bull market has never occurred before so this will be interesting to watch as this hash ribbons will print a blue circle any day now!
코멘트:
Latest crypto FUD by Yellen/Biden on transactions reportable t the IRS of $10k or more is not that big of deal. This is targeting merchant spending by consumers - not exchange trading. How many of you have been spending $10k or more in crypto at merchants ??? Answer - nobody!
코멘트:
What was perhaps more notable was Powell's far more supportive view of stablecoins:
... coins tied to the value of the dollar or another currency—known as “stablecoins”— have emerged as a new way to make payments. These stablecoins aim to use new technologies in a way that has the potential to enhance payments efficiency, speed up settlement flows, and reduce end-user costs—but they may also carry potential risks to those users and to the broader financial system. For example, although the value of a stablecoin may be tied to the value of a dollar, these coins may not come with the same protections as traditional means of payment, such as physical currency or the deposits in your bank account. Therefore, as stablecoins’ use increases, so must our attention to the appropriate regulatory and oversight framework. This includes paying attention to private-sector payments innovators who are currently not within the traditional regulatory arrangements applied to banks, investment firms, and other financial intermediaries.
This comment from Powell is quite bullish for stablecoins such as Facebook's Diem, as well as Silvergate - the bank which the social network recently announced it would partner with in issuing the Facebook stablecoin, the DiemUSD.
As for Powell's expectations for the upcoming CBDC paper, he said it would represent a thoughtful process. "Irrespective of the conclusion we ultimately reach, we expect to play a leading role in developing international standards for CBDCs, engaging actively with central banks in other jurisdictions as well as regulators and supervisors here in the United States throughout that process.”
... coins tied to the value of the dollar or another currency—known as “stablecoins”— have emerged as a new way to make payments. These stablecoins aim to use new technologies in a way that has the potential to enhance payments efficiency, speed up settlement flows, and reduce end-user costs—but they may also carry potential risks to those users and to the broader financial system. For example, although the value of a stablecoin may be tied to the value of a dollar, these coins may not come with the same protections as traditional means of payment, such as physical currency or the deposits in your bank account. Therefore, as stablecoins’ use increases, so must our attention to the appropriate regulatory and oversight framework. This includes paying attention to private-sector payments innovators who are currently not within the traditional regulatory arrangements applied to banks, investment firms, and other financial intermediaries.
This comment from Powell is quite bullish for stablecoins such as Facebook's Diem, as well as Silvergate - the bank which the social network recently announced it would partner with in issuing the Facebook stablecoin, the DiemUSD.
As for Powell's expectations for the upcoming CBDC paper, he said it would represent a thoughtful process. "Irrespective of the conclusion we ultimately reach, we expect to play a leading role in developing international standards for CBDCs, engaging actively with central banks in other jurisdictions as well as regulators and supervisors here in the United States throughout that process.”