Why is the US unbearable to ban bitcoin?

Why is the US unbearable to ban bitcoin?

The market capitalization of cryptocurrencies hasn't changed much in the last 7 days and is now in an uptrend even stronger. Cryptocurrency blockchain — the analyst is in advanced mode. An analysis was made of the rapidly growing market of cryptocurrency custodians for institutional investors. Most of the market players acknowledged that the competition for the position of prime broker is intensifying. Although the industry is relatively new, it is already undergoing a radical transformation. Rapid infrastructure development and a wide range of offerings make it more attractive to all types, money managers, hedge funds and wealthy people.

Cryptocurrency news says that since 2012, analysts have listed 46 investment rounds with impressive contributions of $1.6 billion. The biggest investments were the infamous Coinbase ($5.2 billion) and Bakkt ($4.8 billion). The established increase in competition is forcing market players to add solutions such as lending, asset management and insurance to their product line.

Why is the US unbearable to ban bitcoin?

Cryptocurrency funds have something to present. In the second quarter, Grayscale's investment was $96,000. This figure is about 20 times higher than in the first quarter of 2020, when funding was $3.5 billion. Interest in the Grayscale Ethereum Trust cryptocurrency fund has increased, the income has reached 15% of the total. Grayscale's total assets are estimated at $400 billion, and fund spokesman Barry Silverberg predicts industry success. One of the guarantors of the prospect is that the US authorities cannot ban Bitcoin (BTC).

Such bans lack technical feasibility and are not approved by the authorities. Two organizations (Blockchain Association and Coin Center) educate politicians on the benefits of technology and asset classes.

Xiao Yang's book reports that the introduction of the Central Bank Cryptocurrency (CBDC) using blockchain will be a fait accompli. The interest of financial innovators will eventually shift to the securities sector. While "shares" and "coins" are traditional financial categories, blockchain-based cryptocurrencies are blurring their boundaries, opening up new opportunities. Digital stocks will become a natural product of digital currencies in the future.

Bitcoin (BTC)Why is the US unbearable to ban bitcoin?

As a result of a study by the analytical service Whale Alert, it turned out that the number of bitcoins (BTC) that Satoshi Nakamoto can own is 1,122,693 BTC. At the exchange rate set for the night of December 7-21, 2020/2020, it will exceed $1,000 billion. To find out the exact amount of bitcoin (BTC), scientists studied all the blocks mined in the early days and selected from them what Satoshi himself mined using the appropriate version of the software. It is true that Satoshi himself, the creator of "the first network since the birth of cryptocurrencies", the block from which he received BTC coins, was in the software he sent to evangelist Hal Finney. Analysts believe that the parts found by the missing manufacturers will not be used in the future.

Ethereum (ETH)

Its network has also taken a step forward. Ethereum network activity is growing exponentially. 1-day trading volume nears its peak when the cryptocurrency topped $1,000 in 2018. The surge that began in 2020 is driven by the rapid expansion of the decentralized finance (DeFi) sector, led by Ethereum (ETH).

Why is the US unbearable to ban bitcoin?

The expansion of the use of stablecoins, along with DeFi, is known to have a positive impact on the growth of activity on the Ethereum network (65% is dedicated to Ethereum). The network accounts for 85% of all transactions. In Q2 2020, it became clear that Stavro's growth earlier in the year was not only due to the outflow of funds caused by the pandemic. Many have noticed that Stavro is a great option for payments and savings.

Ripple (XRP)

The data is mixed. At the moment, they continue to grow.