When US government Regulates Bitcoin (BTC) Every Institution Will Be Involved

Cryptocurrency is still a product which people would not normally consider for purchase.  Bitcoin concepts are being sold to attract new users and customers.  The concentrated sales efforts through narratives by influencers like Michael Saylor and several others has already attracted a bandwagon of Bitcoin advocates.

The target customer for Bitcoin is technically the whole of the human population.  The price for the concept of Bitcoin is random and the maximum high according to many is literally infinity.

The funding for acquisition for Bitcoin comes from fiat money. Bitcoin indeed has been a great idea with brilliant execution.  Anyone who has resources required to buy Bitcoin but has not bought one is a bitcoin prospect.

The ideal prospect for Bitcoin is the people who most likely would end up buying BTC.  Ideal BTC prospects are dramatically more likely to buy Bitcoin.  And, once they buy it, they are going to love it to the point of choosing to hold it to their grave.

The breaking news now is that probably the US Senate Bill is set to fully integrate digital assets into its financial system.

Senator Cynthia Lummis: “We’ve been teasing it for months, but the time is almost here – a proposal to fully integrate digital assets into our financial system. Excited to finally unveil this effort next week.” 

Though more details are yet to be revealed it sounds like something that furthers the interest of cryptocurrency lobby. However, the risk is that the bill might not pass without Bipartisan support.  Crypto advocates are not interested in the idea of picking winners and losers.  The market is all set to decide who wins. By all means a pump or dump is soon coming.

Some of them who thought “digital assets” meant Bitcoin responded as follows:

However, not all are happy about the Senate integrating digital assets.  Many feel this is an unfortunate news. Inevitable, but unfortunate. Regulation will only do for digital assets what it does for all other industries. It will eventually breed complacency and inefficiency.

When the US government finally regulates Bitcoin, every institution will be involved because it’s no longer the wild West.

Regulation of digital assets will get rid of vapourware and shit coins, which pull away liquidity out of the quality projects.  The regulation part is all set to heat up into discussions soon and this will eventually lead to the rise of cryptocurrencies.

Digital assets in government terms should be CBDCs and not the Bitcoin.