The crypto markets have been struggling as of late and with that has come a lot of feeling of the bull run being over or just an overall sentiment that the crypto markets feel like they are drying and dried up.
But what isn't talked about is just how many positive things that have been happening to Ethereum over the last few weeks that are for sure not showing up in the price action of it.
Let's take a look as to what those things are and speculate what this could eventually do for the price of Ethereum rolling forward.
- This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.
SEC Drops Case
The SEC has been hammering at bitcoin and in particular Ethereum as being labeled as a security. However just recently the SEC has dropped that case and probe against Ethereum which means Ethereum is not a security.
One of the things that has been holding people back was the often very confusing news and details the SEC has been putting out about crypto and Ethereum. Unknowing is what often pushes a lot of investors away as there's a risk. However now with the case being dropped Ethereum is now not a security which is actully massive news.
This puts Ethereum under the CFTC rules now and out of the hands of the SEC.
This also pushes us towards massive ETH ETFs which are what Bitcoin now has. This makes it so your 401k and other large cap money investments can now invest into this asset and also do it more easily.
BlackRock
Blockrock has been a big player in this but the biggest is their own token BUIDL which is a real word asset token which is only going to continue to grow in popularity. That means more and more tokens are going to be built on top of the Ethereum blockchain and expand to real estate, gold, silver, bonds and so much more. Nearly everything will be digitalized at some point.
A Shift
Ever since the dawn of crypto the government in general has kept things very grey area. It's mainly because they didn't want to see it grow and the easiest way to do so is to leave people confused in terms of what they are allowed and not allowed to do.
Think about it, there's a brand new asset with huge value and potential but you yourself or a business might not really dive into it or dive into it as much as you should because you fear the ramifications of the unknown.
That's now gone with these new rules. It means you can buy crypto, hold on to it, report it as you would with general incomes etc and profit like never before.
Politics
Trump has pretty much set the government ablaze in terms of getting on board with crypto. Just by talking about it and seeing how popular he's become based on the fact of being pro crypto we have seen an overly oppressive government towards crypto now turning face just slightly to try and save their own butt in this election.
Do I trust the dems to be pro crypto after 4 years of being heavily anti crypto? Hell no. Do I trust trump to be pro crypto after building his crypto wealth? Hell no but maybe just a little more then the dems at least and that's enough to sway my vote.
Crypto adoption is for sure here and it's either going to rapidly expand over the next four years or it's going to be a slow battle heavy grind like it has been the last four years. Either way it's happening.
Posted Using InLeo Alpha
