Are We in the Last Days to Invest at Cheap Prices? Recent Developments in the Crypto Market
As the entry into the crypto market increases, so does the number of adopters of cryptocurrencies. Recent developments indicate that in the future, entries and adoption will increase exponentially. Some are increasing their crypto holdings, some are diving deeper, some are looking for more support. It may be the last days to buy and invest at cheap prices.
US banking giant Morgan Stanley says the use of crypto assets as a method of payment and as a currency could become more common. According to a study by Morgan Stanley, it is emphasized that the use of cryptocurrencies as a currency may become widespread. Also, Morgan Stanley points to crypto partnerships with physical stores.
The report highlights the recent partnership between payment company Strike, which uses the Lightning Network, with point-of-sale supplier NCR and payments company Blackhawk. Morgan Stanley says this partnership means that many businesses in the US will soon be able to accept Bitcoin payments. According to the information in Morgan Stanley's report, more than 85% of sales in the US take place in physical stores. It also emphasizes that the cost of a Bitcoin transaction using the Lightning Network is close to zero, and says that this means it is more practical to make small payments using a debit card.
In short, the Morgan Stanley report emphasizes that the use of cryptocurrencies as a currency may become widespread in the future. It is emphasized that if this happens, the volatility in the crypto market will decrease significantly.
This is actually not unexpected. Many in the crypto market already knew that this could happen in the future. But the report of a giant bank will attract more attention in the financial world. I think many companies that want to adapt to the future have to prepare now and dive into the crypto market.
Europe's Largest Electronics Retailer Prepares to Install Bitcoin ATMs
MediaMarkt, Europe's largest electronics retailer, announced that it will install Bitcoin ATMs. MediaMarkt has more than 1,000 stores in European countries. The company will first start the process of installing Bitcoin ATMs in Austria. MediaMarkt will install Bitcoin ATMs at its 12 stores in Austria. Afterwards, it is expected to install Bitcoin ATMs in all its branches. MediaMarkt started testing operations by installing a Bitcoin ATM in 2019.
Seeing that there is a lot of demand, the company aims to install Bitcoin ATMs in other stores. MediaMarkt customers will be able to buy Bitcoin from ATMs. This will make access to Bitcoin easier.
Bank of England Seeks Support to Increase Oversight of Growing Crypto Market
The crypto market is currently valued at over $1.9 trillion. The central bank of England's (BOE) says the crypto market will grow further in the future, so it is seeking support from local commercial banks. The UK central bank aims to hire more staff to oversee businesses operating within the crypto market, and it plans to raise funds from local commercial banks. In addition, the regulator plans to establish a framework for crypto assets used internationally.
The UK central bank thinks that the crypto market will grow further in the future and cryptocurrencies will be adopted more. That's why the central bank is already making plans. In fact, many central banks are doing similar studies. Because it is already known that cryptocurrencies will be everywhere in a few years.
Major British Department Store Harvey Nichols Opens NFT Space in Hong Kong
UK-based luxury department store chain Harvey Nichols has launched an NFT space called "HN NFT Vault" at its branch in Pacific Place mall in Hong Kong. In the HN NFT Vault area, various NFT projects are hosted, especially CryptoPunks and Bored Ape Yacht Club. It is possible to buy NFTs with cryptocurrencies and with credit cards.
The growth of the NFT market causes giant companies to enter the market more and they are trying to be more in the NFT market. This makes it easier for many people to enter the NFT market.
Whale Alert, which monitors the movements of crypto whales, has detected that an account on the Coinbase exchange has transferred large amounts of Bitcoin (BTC) to a cold wallet.
It seems that 6,018 BTC worth over $250 million has been transferred. The owner of the wallet is unknown, but looking at the amount, it appears to be a wealthy investor or a giant company.
These are just noticeable transfers. It is known that such transfers are more common in the crypto market. But it seems that some are moving their assets to cold wallets, which indicates that the amount of Bitcoin on exchanges will decrease in the future. I would also like to point out that in general, as the supply of an asset decreases in stock markets, the price of that asset rises at the same rate. This indicates that Bitcoin has a high potential to rise in the future.
Many research reports emphasize that cryptos will be adopted more and the crypto market will grow even more. That's why giant companies want to be more involved in this market. In addition, banks, which see that giant companies will enter the crypto market, want to take part in this market more. According to current data, the excitement in the crypto market will increase in the coming years and there will be more participation. This indicates that crypto prices may appreciate more. So these days we may be in the last days to buy crypto at cheap prices.
While these developments are taking place, I need to focus more on my future investments. I will continue to hold my assets such as Bitcoin, ETH, HIVE, LEO, PolyCUB, CUB, xPOLYCUB, which are on my gem list, and I will struggle more to increase my assets.
Investing becomes very difficult when the bull market comes, so I believe that I should prepare in advance. When the bull market comes, I just want to watch the developments.
What are your plans and thoughts?
Thank you for reading.
@rtonline
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The bulls are hoofing and will soon be let out of the stall.)
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Then they'll start running. I need to buy some more before they come out. 🦁
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@tipu curate
Upvoted 👌 (Mana: 35/45) Liquid rewards.
Thank you very much for your support.
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Of nothing, this is a good post...
I'm glad you liked it.
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We are in a very interesting era with opportunities galore in cryptocurrency, the only difficult part is to be patient and invest in the right project(s).
I lost my BTC holding and other ALTS last year, but Hive and the ALTs on Hive ecosystem are my priority in crypto holdings as I plan to keep increasing them.
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It is really important to invest in the right project at the right time. This seems difficult, but if you have a good strategy, it is not difficult at all. I believe that Hive will make many people rich, Hive owners can be the rich of the future.
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I believe Hive will put us in good financial position in the future, if Hive fails am screwed.
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I don't think we are in the last days to invest at cheap prices. In a way, I don't think we will have those large bull cycles anymore because institutions have bought in and I doubt they want those insanely large price swings. When there is profit, they will take it and reign in prices. The market manipulation by the institutions is quite large.
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