The most important outcomes of G-20 summit are going to be "just" press releases and general statements on hot topics. Do not expect extensive impact on price (either southern, or northern direction). Investors know that executive decisions made by governments matter, not talks and promises during the summit.
Just wait, this will not be the trigger to fire up price rocket
True, nothing that comes out from big summit meetings like this are hard decisions, but you never know what kind of long-term sentiment can build from simple statements, especially if they come out from joint countries. We have both Japan and China there, if they somehow find a way to issue collaboration on regulations with Europe, there could be long term positive signals if they take on Japan's cue.
The point of bitcoin is to not rely on third parties, specially bureaucratic nightmare institutions. We don't need the approval of "g-20 summit" or whatever the fuck that means. What we need is a strong algorithm, solid rules that everyone must follow, and these rules not being able to be changed at will. This is how bitcoin stays strong and that is what gives it value, not the approval of centralized institutions ran by crooks.
Also very true! But speculators can always find something in regulations, and we know already all the pressure from "crackdowns" have stunted Bitcoin growth so far. Crypto must grow strong on its own, for its future in 50 and 100 years. But for its present, we must get legitimization, even from the crooks that run the world.
