The US Govt crackdown on crypto, esp stablecoins, is driving the current #Bitcoin rally. Bitcoin is the only crypto immune from Govt attacks, so it ironically serves as a run to safety in the crypto world.
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0 sats \ 0 replies \ @TNStacker 16 Feb 2023
Governments are showing what they can and cannot do. They cannot stop Bitcoin!
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0 sats \ 1 reply \ @mallardshead 16 Feb 2023
With regulation comes clarity. The clarity will drive the next wave of adoption, mostly business related. I'm feeling we'll plunge to a double-bottom ($16k whatever it was) this March and set a bottom. Notwithstanding, I DCA every week without question. I'd like to see all the regulations drop (there are more), and Binance implode first, and people like Richard Heart get subpoenaed.
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0 sats \ 0 replies \ @01xCc 16 Feb 2023
регуляции не работают... так что все нормально... биткоин кладет болт...а точнее те кто понимает его предназначение...
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0 sats \ 1 reply \ @DarthCoin 16 Feb 2023
Why people always need a reason for "why is bitcoin price surging now"?
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0 sats \ 0 replies \ @01xCc 16 Feb 2023
мы так устроены... почему биткоин придуман так поздно? почему биткоин ограничен??? почему биткоин быстрее свифт??? почему биткоин падает? почему америка печатает деньги? почему вселенная бесконечная?
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0 sats \ 1 reply \ @cryptocoin 16 Feb 2023
Specifically, Binance will likely be paying a fine to the SEC, possibly in the range of a billion or two dollars.
If you hold any Binance tokens (e.g., BUSD, BNB, and half a dozen other ones) on Binance, pretty much the only (sane) way out is to dump (trade) them for bitcoin and withdraw bitcoin. Win Binance being the largest exchange, that puts an upward pressure on their BTC/USD exchange rate, and ultimately thanks to arbitrage traders, and upward pressure on the global BTC/USD exchange rate.
But also, there has been a loosening of financial conditions -- meaning risk assets like bitcoin are being bought.
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10 sats \ 0 replies \ @01xCc 16 Feb 2023
бинанс площадка для тестов правил регуляции! там все нормально будет. вскоре уберут торговлю плечем... это хорошо будет)))
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