News like this can indeed have a positive impact, but the impact is not very significant. We expect the impact will occur gradually because large investors will enter gradually with clear legal requirements, meaning they are truly confident that they are safe to do so without any risk from regional regulations.
The government's target is to increase the country's economic strength and also strengthen the economy of its people. Softer crypto regulations will have the effect of strengthening people's economies rather than impoverishing them further due to inflation, so maybe this will help them gradually, not very quickly. In my opinion, such news could have a good impact on bitcoin and its users too.
Topic: Will it give fuel to skyroket for btc ? - page 3. (Read 458 times)
This is a very generic article but stating there has been push to the value of XRP? No way there hasn't been much happened with XRP and Spot ETF factor has played ita role in giving the much needed boost to the value of Bitcoin but I don't think we should be entirely linking the growth of Bitcoin to it as there are other major factors like upcoming halving.
As far as China is concerned we cannot trust them as they will be pro Bitcoin today and stunch enemy tomorrow but Nigerian market will have a role to play.
As far as China is concerned we cannot trust them as they will be pro Bitcoin today and stunch enemy tomorrow but Nigerian market will have a role to play.
It's weird that the article tied Bitcoin price with shitcoins like ETH, XRP and Solana.
In any case different countries removing bans on bitcoin would affect bitcoin positively as it would help adoption of bitcoin grow in those places. However, I don't think it will be massive enough to be referred to as "skyrocket". Many of those "bans" like in China, happened too late into Bitcoin's life so they couldn't prevent people from finding out about bitcoin. Some of them weren't even a full ban, they were shutting down exchanges for instance and it was still legal for regular people to buy bitcoin.
This means removal of the ban won't have a significant effect.
In any case different countries removing bans on bitcoin would affect bitcoin positively as it would help adoption of bitcoin grow in those places. However, I don't think it will be massive enough to be referred to as "skyrocket". Many of those "bans" like in China, happened too late into Bitcoin's life so they couldn't prevent people from finding out about bitcoin. Some of them weren't even a full ban, they were shutting down exchanges for instance and it was still legal for regular people to buy bitcoin.
This means removal of the ban won't have a significant effect.
Didn't click on the link, but it's it obvious though that it will fuel the price of BTC? last month there were news that it was approved or something or that it's ticker has been displayed and then removed:
https://cryptoslate.com/bitcoin-retracts-and-rebounds-after-blackrocks-new-etf-ticker-removed-from-dtcc-website/
Perhaps there are people who just wanted to test and see the reaction of the investors, and it was very positive. And after that the price of bitcoin continue to go up to $40k++. So just imagine if next year, the BlackRock Bitcoin Spot ETF is going to be approved by SEC. We might see the price getting a massive run, that I think we might get closer to our previous ATH.
https://cryptoslate.com/bitcoin-retracts-and-rebounds-after-blackrocks-new-etf-ticker-removed-from-dtcc-website/
Perhaps there are people who just wanted to test and see the reaction of the investors, and it was very positive. And after that the price of bitcoin continue to go up to $40k++. So just imagine if next year, the BlackRock Bitcoin Spot ETF is going to be approved by SEC. We might see the price getting a massive run, that I think we might get closer to our previous ATH.
Will it give fuel to skyroket for btc ? I think it will good news for BTC lovers 
https://www.forbes.com/sites/digital-assets/2023/12/23/big-news-forget-the-spot-bitcoin-etf-a-huge-unexpected-bank-flip-could-be-about-to-hit-the-price-of-bitcoin-ethereum-xrp-solana-and-crypto/?sh=19cf3a7e75e1
https://www.forbes.com/sites/digital-assets/2023/12/23/big-news-forget-the-spot-bitcoin-etf-a-huge-unexpected-bank-flip-could-be-about-to-hit-the-price-of-bitcoin-ethereum-xrp-solana-and-crypto/?sh=19cf3a7e75e1
Jump to: