Cryptocurrency Adoption

The last few weeks have indicated a significant shift in the certainty of the US economy. From interest rate adjustments, a trade war inciting market volatility, and over two months worth of Cryptocurrency regulation discussions by regulators and government agencies such as FATF, FinCEN, and the Senate Banking, Housing, and Urban Affairs Committee. Through all of this emerges one certainty, we have reached the point for Cryptocurrency mass adoption. As Charles Hoskinson said, “We are at the sputnik moment”. Facebook’s Libra and now Walmart’s new Cryptocurrency patent filing ensure that crypto is here to stay. As Mike Crapo (R-ID) said during a senate meeting this week “If the United States were to decide, and I’m not saying it should, if the United States decided we didn’t want Cryptocurrency to happen in the United States and tried to ban it, I’m pretty confident we couldn’t succeed in doing that because this is a global tech, a global innovation.” This was similar to last week’s comment from Rep. Patrick McHenry, who said: “there’s no capacity to kill bitcoin.”

Like it or not, the Cryptocurrency race has begun for governments and corporations. The important question to ask yourself is what side of history do you want to be on?

#Blockchain #Bitcoin #UnbankYourself #Cryptocurrency

References:

  1. https://www.banking.senate.gov/newsroom/majority/banking-committee-schedules-hearing-on-facebooks-cryptocurrency
  2. https://www.banking.senate.gov/newsroom/majority/crapo-statement-at-hearing-on-digital-currencies-and-blockchain
  3. https://www.fatf-gafi.org/publications/fatfgeneral/documents/plenary-june-2019.html
  4. https://www.ibm.com/blockchain/solutions/food-trust/get-started
  5. https://corporate.walmart.com/media-library/document/blockchain-supplier-letter-september-2018/_proxyDocument?id=00000166-088d-dc77-a7ff-4dff689f0001
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Plus the SEC decided to run Bitcoin, Xrp, & Ether nodes!

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Yes, this lets us know they are serious about it.

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