Hi Readers,
As predicted by many of the experts in the Crypto Industry, the ride on Crypto Investing would not be so smooth as the earlier days.
I would bring again with the two important events that has been in the centre talk of the Crypto industry as of now and the Crypto markets were also sharply reacted to it.
The major news is that the Central Bank of Russia has said that it proposed to ban the usage of Crypto in Multiple forms- mining and usage in the country. The ban also includes the functioning of Crypto Exchanges in Russia. The Central Banks cites that the use of Crypto Currencies would be a threat to the financial stability of the country, the well-being of its citizens and its monetary policy sovereignty. It also sees the usage of cryptos may be used for terrorism and for money laundering. Russia being the third largest miner of Bitcoin after US and Kazakhstan, this would have serious effects and fears for the Crypto Investors all over the world.
In contrary to this news, New York City Mayor- Eric Adams would be receiving his first pay check via cryptos by this Friday as committed by last year. He earlier said that he would receive his first three pay checks in the form of Crypto and to transform the city as the Centre for Crypto Industry. He is a leading example to promote the Crypto Industry. It is important to recalled here that soon after his selection in November last year, it appealed that the block chain technology and Crypto Currency should be taught in the New York Schools.
We see the one part of world is going with the supporting hand while the other part of the world is going against it. This would have serious effects in the Industry and all the Crypto enthusiasts around the world.
But, in my personal view, if you are a long term Crypto Investor, you may not fear much and in every dip, invest wisely and increase your positions in good crypto coins for a better returns!
If you missed my earlier article on the 2022 approach on Crypto Investing, here is the link
