Janet Yellen SAYS “NOTHING WE CAN DO” TO STOP BITCOIN + ETHEREUM PRICE CONTINUES TO GO PARABOLIC…
Hello! Welcome to the Simply Hodl Crypto Blog #10 ( update for 5/5/21)
Let’s get right into it!
Bitcoin is back on the rise today , pushing close to breaking $57,000 at time of writing. This could be due to many factors, not the least of which would be [the news from NYDIG that Bitcoin will be coming to many major banks this year]. It looks like 2021 could really be the year of mass adoption after all – as more and more institutions and companies are jumping on board with the rising crypto asset every day – leaving some top [ crypto influencers to proclaim the bull run to be “back on” ].
Today is actually quite a [big day for bitcoin], and a [breakout to the upside] does seem quite likely in the near term time frame. Targets for how high it can go on this leg up before another correction vary; but almost everyone is [bullish on bitcoin looking forward into the month of May.]
It’s difficult to disagree with that sentiment, especially when one is confronted with the fact that [Janet Yellen just basically admitted defeat by saying there’s “nothing’ they can do to ensnare the framework of Bitcoin with government regulation.] Although it slipped (semi) quietly into the news today; Yellen’s comments reflect the awareness of powerlessness towards the King of Crypto – at least for right now.
In other Crypto Asset news, [New York is attempting to “ban” cryptocurrency mining until they can assess it’s impact on the planet’s climate]. That’s a bold move, let’s see how that pays off for them.
In the [Ethereum world today, many remain uber bullish in the wake of ETH’s recent run-up.] [Some are looking for a bullish continuation in the Altcoin world, too.] There are even talks of [the flippening] beginning to be overheard in crypto chat rooms. Only time will tell what rises and falls – but we can all agree that by the time 2021 comes to a close, not only will Bitcoin be a household name but the utility of Crypto Assets worldwide will begin to take real effect as the world ushers in a new era of prosperity.
That’s all for today guys, thanks for reading (remember to drop a comment & join the discussion) and as always WHEN IN DOUBT, ZOOM OUT!
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