It does appear that the new rules being adopted by the FCC might limit the growth potential of crypto currencies in the United States. With the removal of Net Neutrality Rules Internet service providers will be able to throttle everyone in the United States that are mining crypto currencies to make their living. Only the big insiders will be able to mine soon.
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Once word gets out about the crippling war waged on crypto currencies by the Government in the USA there is sure to follow a massive correction I believe. This will be the time to buy at the bottom in the coming months. Bitcoin is not the only affected currency. Many others like ethereum, steem, and litecoin will be hit hard also.
With 70% of some crypto currency funds being purchased and traded from within the United States the news about Net Neutrality Role backs should be of grave concern. As some players in the space will be able to afford to buy access for their users such as Bitcoin and Ethereum, but many other small lesser known tokens might not have the funding to buy access from ISP's.
This news obviously impacts many companies online but it would appear that they will use this specifically to target the digital coin exchanges and tokens and their technology systems. These restrictions will greatly reduce the profitabilty of many tokens and possibly destroy the thin exchange margins which could reduce competition to the point that trading tokens or coins might get more expensive than bank rates! 🤔
Be sure to bend the ear of every elected official you can and try to stop this over reach of governmental power before it is too late. Allowing a small hand few of corporation to control the internet in the USA is crazy!
