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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 12, 2021, 04:26:34 PM
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Mere days after the FCA told people to beware crypto because people could lose all their money, UK regulators are now looking for feedback on stablecoins regulations, similar to the US: The U.K. is planning a “a staged and proportionate approach” to new crypto asset developments, taking a focus in the paper on stablecoins – cryptocurrencies that generally aim to have a stable value by being backed by assets such as the U.S. dollar.
“[T]he landscape is changing rapidly. So-called stablecoins could pave the way for faster, cheaper payments, making it easier for people to pay for things or store their money. There is also increasing evidence that [distributed ledger technology] could have significant benefits for capital markets, potentially fundamentally changing the way they operate,” said John Glen M.P., the Treasury’s economic secretary, said in the paper’s introduction. https://www.coindesk.com/uk-treasury-calls-for-feedback-on-approach-to-cryptocurrency-and-stablecoin-regulation
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 11, 2021, 04:12:48 PM
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PREDICTION
$100k-$115k top somewhere between 20-30th of february
I'm thinking we could have a slow grind down to $25k over the next month or two (and allow alts to pump a bit), then start going up into another parabolic move to a top of $300k or so, no later than November. Basically a repeat of 2013. edit: or we could just dump down to $25k now
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