Many states are now considering issuing their own central bank stablecoins. This process is not so fast and takes at least several years, because finance does not like haste, and digital money is a completely new phenomenon. This process can accelerate significantly if the first states to introduce a digitized currency in their country achieve some success. Especially in this, China can surpass with its digitized yuan. If this happens, then the release of their digitized currency of states will simply be massive. This process can greatly affect the development and the cryptocurrency market in the future.

However, you should always take into account that any cryptocurrency, including bitcoin, cannot constantly grow in price. Many economic factors will restrain this process, including its high price, which will already serve as a risk factor for investments. Therefore, I would be very careful about the calls to never sell my bitcoins. We still need to control our investments and be not only an outside observer of their price ups and downs.

Do not underestimate the capabilities of states, especially if states unite and adopt a common unified decision. So far, at the G20 summit, it was decided that cryptocurrency does not pose a threat to global financial stability, which means that states are not yet fighting it. Individual states sometimes do something haphazardly against the cryptocurrency. therefore, many people still have a false idea that states absolutely cannot do anything with cryptocurrency and that it will freely develop and move around the world. I am not saying that everything is that bad. However, there are problems and one should not close one's eyes to them. You need to methodically defend your rights to use cryptocurrency, otherwise it may one day turn into a big shock for this market and its participants.

In fact, everything is much more confusing and more complicated. Bitcoin and other decentralized cryptocurrencies cannot be controlled by governments. Therefore, it is unlikely that most states will actively support the introduction of bitcoin into their economies. They can legalize it, but they are unlikely to create the infrastructure for its widespread implementation. Moreover, the states have a good alternative for this - these are their national digitized stable currencies of central banks. Therefore, they will soon begin to regulate and restrict the circulation of various private and commercial stablecoins, because they do not need excessive competition with their stablecoins.

The People's Bank of China, after the latest attack on bitcoin and its mining, continues to clear the way and place for the activities of its digitized yuan. Even earlier, they prepared regulations in which they declared the digitized yuan to be the property of the state of China and prohibited anyone from using it as a justification for other stablecoins.
Now the Chinese government will try to regulate, or more correctly to put it, restrict or even prohibit the circulation of stablecoins, primarily those that were not issued by the central banks of states.

#PROOF OF REGISTRATION
Forum Username: Argoo
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1053354
Telegram Username: @argo12
Participated Campaigns: signature campaign
Curent post count: 2366 including this one
BEP-20 Wallet Address: 0x33fc5780f8C79dA95812667368aBFB5cf269dD74

Removed

Now you can see that the market capitalization is growing very much due to altcoins, and if you get to know this issue deeper, you can see that many new coins and tokens give profits even much more than bitcoin, ethereum and some other top coins. Therefore, some ICOs continue to be relevant. It is important to correctly convert the required cryptocurrency as an object for your investment. Here, everyone should have their own approach, their own strategy and tactics.

Negative statements about cryptocurrency will periodically appear on the part of states and their various bodies, and this should be treated more calmly. In general, cryptocurrency as an alternative means of payment, not subject to inflation, will always irritate governments. Therefore, it can legalize cryptocurrency, but it is unlikely to actively support it. We need to pay attention to specific facts, not general negative statements about cryptocurrency. They will appear periodically, and the cryptocurrency, despite this, will need to develop and grow all the same.

Probably, a significant number of bitcoin holders do this. Who will spend their bitcoins if we expect a further significant increase in its price? This means knowingly killing the goose that lays the golden eggs. This is one of several reasons why bitcoin is still not widely used as a means of payment. I don't even know if this situation will change for the better in the future. If bitcoin stops growing significantly in price, then it will not be used as a means of payment for other reasons, which are now less significant.

Our world has never known a period without poverty, and at once in many countries. Apparently, we will never see this for a number of reasons. First, we are already at least the sixth human civilization on this planet. As soon as people reach a certain technical development, something constantly happens on a global scale and we are thrown back many centuries, or even millennia ago. Secondly, people are constantly waging wars with each other. And where there are wars, there is destruction and hunger. Thirdly, even with the current level of technical development, we have not learned to live in harmony with nature, which leads to numerous cataclysms and climate change, which we are seeing now.
Most likely, we will be able to overcome poverty when one superstate or at least a few friendly states remains on our planet, and science and technology will achieve such progress that we will be able to deliver the necessary chemical elements and their more complex compounds to Earth from near and even deep space that we need. After all, their supply on Earth is constantly being depleted.

The cryptocurrency market will be replenished with newbie traders for a long time to come, because not a very large number of people have cryptocurrency and even fewer even periodically trade in this market. Therefore, the reserve for such a replenishment is very significant, especially if the popularity of the cryptocurrency continues to grow. It cannot be denied that beginners will always have a certain influence on the cryptocurrency market.

Of course, first of all, the Chinese government, before officially launching its digitized yuan, begins to get rid of possible competitors, which are cryptocurrency. Therefore, it is no coincidence that the topic of high energy consumption when mining bitcoin began to be raised once again, and then, in general, the restriction and prohibition of the circulation of cryptocurrency, which is expressed in the fact that all state financial and other bodies do not provide any services in cryptocurrency. It was worth expecting and especially expecting such a step from the Chinese government, which has always chosen its own way of developing its economy. Moreover, it should be noted that it does this not unsuccessfully.

This, of course, cannot be completely ruled out. Over the past two months, Bitcoin has already dropped to the $ 30,000 mark several times, but then it has always climbed to the $ 35,000 level. In the past few days, it has risen in value again, and with it other cryptocurrencies. Now it is close to $ 36,000 and it is possible that the price will rise further.
It is still difficult to predict the future development of events in this market in relation to the price of the cryptocurrency. It is most likely that prices will continue to fluctuate until the fall. However, cryptocurrency always surprises us.

The world changed a little when the first money appeared, especially when it became more compact and it became possible to accumulate wealth. However, little has changed since that time. Greed for money - physical or virtual, in my opinion, has always been and is. The cryptocurrency market is not simple enough. Here you need to know a lot and be able to do a lot. Greed often interferes with making a good profit, because here you need to perform certain actions correctly and on time.

The stablecoin has not been issued yet, therefore it was impossible to buy it. The launch of the Libra / Diem stablecoin has been delayed for so long that market participants have already begun to forget about it. There used to be a lot of buzz around it, but it got a lot of regulatory attention, after which Libra started endless problems. Regulators and even individual states began to fear its significant impact due to certain interactions with the social network Facebook. Zuckerberg even at a hearing in the US Senate promised that this coin would not be associated with his Facebook. However, that didn't help much either. Then he decided to leave the regulators, registering in Switzerland under the new name Diem. However, this did not succeed here either, since it turned out that the cryptocurrency company of the same name had existed in England for some time. In the meantime, we look forward to further adventures with this as yet unreleased coin.

Everyone is engaged in what is more familiar to him and in what he understands. Although stocks and cryptocurrencies have a lot in common, they still differ from each other in many ways. Stocks tend to give less, but stable returns in this market and this market is long-established, without much surprises for stockholders. In addition, it is a market for real tangible assets, as opposed to an unpredictable cryptocurrency. The cryptocurrency market brings significantly higher profits, however, the risk is higher here.

You need to get used to the idea that a decentralized cryptocurrency is not needed by states. Although they legalize it, they will not actively support it. Cryptocurrency is indeed a competitor and alternative to the national money of states, and therefore, from time to time, governments will regulate and restrict its circulation. This is inevitable and should be treated more calmly. We will need to defend our rights to use cryptocurrency at the legislative level.

The situation in the cryptocurrency market is really difficult now. It seems that everything may depend on the preponderance of positive or negative news information in the near future. I don’t think we’re in crypto winter yet. First, too little time has passed to draw such a conclusion. Secondly, we see that bitcoin periodically rises well in price, resisting bears. Of course, it is difficult for the market to struggle now in these summer months, when business activity is traditionally declining in almost all markets. However, all is not lost. The cryptocurrency market is still able to rise and there is hope in this regard for the autumn period.

It is hardly worth hoping for another dizzying soar in the price of Dogecoin. Elon Musk, due to his ill-considered statements about cryptocurrency, has recently lost his popularity in the world of cryptocurrency. Even if he praises Dogecoin again, I don't think the result will be the same. In addition, the excitement can only be temporary and the result of its action as well. It is almost impossible to repeat the same result. Therefore, after a certain time, this coin will also go to where it was before for many years before it was raised by Elon Musk.