“After this current correction ends, the fall that comes from $ 19,800 to the minimum of $ 5,100, which can be a marginal minimum your seat 19 times, if you multiply that, it does not give you a million, but it gives you 600,000 and something else too We are talking about a three-year upward journey, the cycles last three years, in general in the markets and in bitcoin in particular.
“After this year of correction, what follows is an upward movement, they are consolidating last year’s profits, the struggle for regulation and the restrictions of the banks … It seems to me that there are more people in the world who want to buy They want to sell but they can not always buy because of the banking restrictions, I think this battle is going to win the bitcoin industry. ”
“We are close to the start of a new bull market.”
“The SEC has not yet said that bitcoin is the domain of its competence unless it is structured as some type of fund or that wants to quote as an ETF (exchange-traded fund) but what I look at is the BitLicense of New York. They have been friendlier to the bitcoin than the banks, the great war has come from the banks but the banks do not have the authority to ban it. ”
This [for the bitcoin] is a private currency, not regulated by any government, not directed in its emission by any government, which has a number of enormous advantages as being that its money supply is known from the beginning and until the end of the time.
“The Argentine government is missing an opportunity, which is to have declared Argentina crypto-friendly (friendly to crypto), it could have done it, it’s not something complicated, the only thing they need to say is that it’s a place where they can come to establish the bitcoin companies in the world, there can be ridiculous regulations, they have to say ‘I came here and you can operate normally like any commercial society’ “.
“There is a tendency in governments to say, yes, I want development and they think they have to do it with a public body, no, they have to set the rules and let the market work.”
“Xapo plans to have payment methods related to debit cards in 2019 that you know were restricted by Visa at the beginning.” Xapo’s Visa debit card was one of the first, other companies followed. which directly discussed bitcoins of users’ wallets “.
“Bitcoin only needs the financial system to be freed, what is restricting the new expansion is the banking boycott, bitcoin technologists in general believe that there is something that is insufficient, that there is something that was not invented, that there is bad user experience, for me it is not like that, the current limitations have to do with the communication of bitcoin companies with the banking system ”
This story was originally published in Spanish at Cripto247
