Genesis Vision is the platform for the private trust management market, built on Blockchain technology and Smart Contracts. We combine exchanges, brokers, traders and investors into a decentralized, open and honest network, making the financial market even more global. Genesis Vision (GVT) is the platform for the private trust management market, built on Blockchain technology and Smart Contracts. Genesis Vision intends to create a service via which managers, brokers, traders, exchanges, and other financial instruments can access a . Dec 11, · The big worry among the bitcoin perma-bears is the threat of government ‘making it illegal.’ The latest bogeyman on this front is none other than U.S. Treasury Secretary Steve Mnuchin. Rumors float that he’s considering outlawing ‘self-custody wallets,’ in effect confiscating the private keys of everyone’s cryptos.
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Trying to make holding your private keys to your cryptos illegal will simply drive capital away from the U. But like I said at the outset, this is all a bogeyman in the end. The first is to drive even more of the existing stock of bitcoins underground, and likely into privacy coins or onto distributed exchanges where the capital will never be found nor clawed back.
The second will be to re-engage the normies because of this who have already began rushing into this space in a big way especially after the insanity of So, even if the worst comes to pass what will happen will not blunt the rise of the private currency markets. Remember folks capital flows to where it is treated best. And if Mnuchin treats U. Because while this is being discussed at the highest levels of government everyday another major player on Wall St.
Even J. However, they see the medium- to longer-term trending in the opposite direction. Morgan is always on the opposite side of gold as a company, admitting that institutional investors are now pushing into bitcoin is significant. Wall St. Years ago, during the early stages of the gold bull market Jim Sinclair warned all of us budding gold bulls that the very people today who are making your life miserable in gold, suppressing the price and playing their games, will be the very people who make the most money off the gold bull market.
With the evolution of the cryptocurrency market into a safe-haven asset capable of absorbing billions in inflows, Wall St. And Mnuchin will not be allowed to kill that golden goose too quickly. It was just meant to spew a little CO2 on this electrical fire and slow it down help keep things from getting out of control.
One last point about all of this, the DeFi market today is quickly becoming the new junk bond market. They can slow it down, scare people off, but after more than a decade of zero return on capital, something has to give. DeFi may take Ethereum to levels which will likely break it once the next wave of investors come into the space. Governments are always fighting the last war, while the markets innovate and leave them breathless and confused playing catch up. So they will not just demonise and criminalise private crypto to chase people out of it, but will also supplant it with……….
Once they announce that private crypto is illegal and now only used by criminals and terrorists, and that UBI will be paid in Diems, and you can now only pay your taxes in Diems, how many new buyers for private crypto then?
I think the better angle to worry about is a post Carrington event world where there isnt electricity. I always take the over on government corruption and incompetence. I sold my gld call options in August and bought slv call options in November. I like both gold and bitcoin long term. But I think in this area, there will be considerable buying power and we can make great profit, it can go back up sts from here. I think then GVT will continue to fall to the sts and rise It seems that we will see a price increase soon.
We seem to be on the verge of an uptrend. After 1. The first overlap of the first price target point Videos only. Genesis Vision in accumulation range. GVT may also breakout. GVT Genesis Vision ready? Fibonacci cluster.