I still consider this with a grain of salt though. The keyword here is "may" bet.
Of course, who wouldn't want that billion of dollars going into the ecosystem? But we have to understand that this is bankers, they wouldn't just pour their money without getting huge returns and this could be manipulation waiting to happen. As much as this is very welcoming news, I will still be cautious about their intent.
Rumors are flying in and out everyday, we just have to bet that most gossip in the finance world sometimes materializes. It is right that we are to be cautious because of what they are, but we can take advantage of that, if they can manipulate the market to go up and down then we just have to know when to strike, buy when they sell and sell when they buy. This is inevitable and the only way is for us small investors to survive is to adapt to the changes, this is a dream and a nightmare for bitcoin and we can't have the other without embracing both of them.Of course, who wouldn't want that billion of dollars going into the ecosystem? But we have to understand that this is bankers, they wouldn't just pour their money without getting huge returns and this could be manipulation waiting to happen. As much as this is very welcoming news, I will still be cautious about their intent.
Yes, and any news regardless if positive or negative is still publicity for bitcoin and crypto. And if this materialises then we can see the price again breaking into $50k or more. I think this is the news that put the price closer to $50k yesterday. But it doesn't have the momentum to break it.
Adoption is getting closer and maybe in the next 5 years almost 50% of any sectors or industries around the world are going to accept crypto and this is inevitable.
