It's been few months, the market is still bearish. Bitcoin has been falling through the floor month on month breaking all major support levels. With some hot news geared up in the first week of July, Bitcoin could fall even more. However, this is all temporary, the big news is about to come after all the bearish trend washed out.
Facebook adaptation of Blockchain and signs of Coinbase Exchange Acquisition:
Coinbase has made some interesting moves within their company like the launch of Crypto based Charity fund - GiveCrypto.org.
While on the other hand Facebook lifts the ban on Crypto Ads, however the ban on ICO's continue. The ban on ICO's is good for the overall community as most of them turned out to be scams.
Additionally, one of the Coinbase board members is head of Facebook. Moreover, Mark Zuckerberg has formed a division of blockchain and invested a huge amount to adopt this technology. Blockchain is not only secure but also gives tremendous control and privacy to its users. Amid all the privacy concerns for its users, moving to blockchain technology could be a big relief for Facebook.
All these signalings towards a big acquisition we never thought of. Since the beginning, Zuck attitude has been either "you buy it(Whatsapp) or you destroy it(Snapchat)". It's quite obvious that when the regulations are calmed down, Facebook will see a right time to jump onto acquiring Coinbase Exchange.
Twitter CEO has been promoting Bitcoin since a very long time:
Jack Dorsey openly stated many times that Bitcoin will be the single largest currency of Internet in the next 10 years. That's not too far. By this time all the bitcoins will be out in circulation and Bitcoin price will already reach to moon.
Once criticised Institutional Investors, now bowed down to Blockchain:
Some of them include;
- Bill Gates
- Goldman Sachs
- JP Morgan
- Jack Ma
- Uber
The above are just few names, every company and CEO knows the potential of blockchain except the governments.
Apart form these, Internet is making a transition from Web 2.0 to Web 3.0. Almost, every company is adapting Blockchain technology. Video Streaming, Music, Banking, Insurance, Security, Data, etc. Blockchain has it's application in almost all the fields.
Introducing ETF's to Crypto:
This will be a huge move in Cryptosphere. ETF's will give more legitimacy to the industry and a lot of institutional money will be pumped there after. SEC is about to give a clearance on this and we should soon see some ground breaking news on Crypto ETF's.
Additionally, 82% of the Institutional Investors already think the Bitcoin price has tanked and time to jump into the game.
Few Billionaires debate between Blockchain and Bitcoin. They are in support of Blockchain but not Bitcoin. However, they will eventually come to a point where they realise Bitcoin exists as long as Blockchain exists.
Below is an estimated Bitcoin Price Prediction, gear up, its moon time:
