The markets have been rather sluggish lately, low volumes and nothing really going for it as we enter into regulation. Which sadly is an extremely slow process when it has anything to do with the SEC and government. This is why we need to keep fighting back and hitting our government to take action!
I ran into this news story last night and it was to good to pass up.
Iran and Russia in order to get away from USA new sanctions are considering using cryptocurrency. Could this possible be what pushes adoption quickly in both regulation and world adoption? If this in fact happens we are talking about massive amounts of money entering but also leaving cryptocurreny day in and day out as trillions of dollars in trade happen every day.
What is mostly pushing this is that sanctions are actually putting the squeeze on these countries as they fiat value starts to fall because of these trade wars.
For example Irans Rial went from 37,800 to $1 USD to 42,000 to $2 USD literally overnight. Since bitcoin is used or well could be used evenly across the world it creates a more level playing field for all countries and thus all people as well.
Could this help mass adoption if governments start to us it? What are your opinions?
