Bitcoin to Gain Decisions to be made at the G20 summit held in VaJaponia could allow Bitcoin price to move out of the correction process and reactivate.
Officials representing the world's top 20 economies recently met in Japan. During this summit, officials will hold talks on the global financial system, current economic developments and some innovative technologies.
This year's G20 summit concerns crypto currency followers. Because the regulators participating in the summit are expected to make new decisions about crypto money.
Unclear Regulations
Today, there is no consensus on crypto currency. For the moment, we can say that every country is trying to regulate the crypto currency on its own. One example is China's and South Korea's ban on the first digital money supply (ICO), and Japan's failure to make such a decision.
These regulators want to reach a joint decision on crypto money to reduce crypto currency attacks, theft and fraud around the world. A positive decision on crypto currencies as a result of the summit in Japan could bring Bitcoin price back into action.
Negative Scenario
A negative decision on crypto currencies at the G20 summit may also lead to a heavy blow to the crypto currency market.
Especially if countries like China try to suppress crypto currencies and encourage other countries to act in this direction, there may be a sudden drop in the crypto currency market.lue After G20 Summit