What do you know, this is the year my friends. I honestly imagine that there's weekly if not daily meetings on how to handle this growing market, and the suits are completely lost here, lost indeed.
Today Stevie held a press conference, and warned us about the dangers. As it turns out, you can just print this stuff and boom you got money. No, not the dollar, that you print too, but the Bitcoin. Yes, BITCOIN PRINTING IS EVIL. (this is breaking news).
If you are not bullish right now, then I need some of that beer you are drinking to numb the back pain I've been having lately. I mean, this is the government scrambling to put the genie back in the bottle, but they don't know if that's even possible. So they are left with little to no recourse, they must join the game.
You see, the foundation is being laid at this very moment for regulation and for international cooperation. Nobody truly wants chaos, not even us, as much as we claim it would be fun. Unless someone is going to tell me they rather be outlaws, which I guess is completely possible.
If I had to guess what's going to happen next is this: In the next coming months there will be hearings, and they will include some prominent names in the field and Zucks as well. After some back and forth, new laws will come into effect. Plenty of questionable exchanges will shutdown leaving only the "good ones" alive. Decentralized exchanges will remain open and possibly see an uptick in volume, but for the most part, most people will opt to go with the Coinbases and Binances of the world.
I will also go on a limb and say that Libra will probably launch on time in 2020. Why? Well, because money talks and bullshit walks my friends. The deep pockets involved in this, won't just let this die off, not after they've invested heavily for over a year.
But hey.... At least Stevie is protecting us. I mean, what if drug dealers sell drugs or if criminals commit all sorts of crimes. I mean, what do we do then? Society would collapse, that's for sure. Thankfully there's nothing any of these criminals can do because the dollar blocks them out.... good stuff.
Bullishly I sign off...
Meno
