El Salvador’s Bitcoin Bond Issuance Delayed

U.S. Congressman Pete Sessions said that Bitcoin is consistent with American values ​​and will strengthen the U.S. dollar. Kuang Ren believes that this statement must be very accurate in the short term, but in the long run, Bitcoin will gradually absorb the status of the U.S. dollar until everyone agrees that decentralized currency is truly trustworthy. From the current point of view, most people on the earth trust the U.S. dollar more than Bitcoin. Therefore, if the United States fully embraces the crypto world, all new investors in the currency circle can use cryptocurrencies to exchange currencies of various countries for U.S. dollars without any threshold. For the currencies of most countries, their performance is not as good as the U.S. dollar. Therefore, in the short term, as long as the United States embraces cryptocurrencies, it will definitely provide value for the U.S. dollar. But in the long run, more and more people will choose currency-based thinking and use Bitcoin to price the world. Bitcoin will never fluctuate, and everything else will fluctuate around Bitcoin. Once such a consensus is formed, the U.S. dollar hegemony will be completely subverted and the U.S. rule will end. Of course, the currency that replaces the U.S. dollar is not necessarily Bitcoin, but in the foreseeable future, we will definitely be able to see new trends and changes.

The issuance of El Salvador's Bitcoin bonds has been postponed. Currently, the laws required for the bonds have not been submitted to Congress, and this wave of incremental funds has not yet arrived. After the bonds are issued in the future, half of the funds will be used to purchase Bitcoin, which will be another major boost to the market.

The Financial Conduct Authority of the United Kingdom stated that all cryptocurrency ATMs in the United Kingdom are illegal because these machines cannot pass the anti-money laundering law. Currently, there are 81 cryptocurrency ATMs in operation in the United Kingdom from 8 companies. It seems that the impact is not very large. When the blockchain is further developed and all addresses are marked with real-name authentication, these ATMs will become the mainstream deposit, withdrawal and transfer tools in the future.

Panic 31, the market is still in a panic state.

Coin News:

Bitcoin: Weekend volatility is completely normal. There is no sign of the end of this round of rise, so we can just continue to hold the currency.

Ethereum: Today's trend is slightly weak, but as Bitcoin gradually stabilizes, there is still a lot of room for upside.

ETC : There are still 41 days before the halving, coupled with the expected surge in computing power after ETH2.0 switches to POS , the price of the currency has begun to move. It is not certain whether it can break through directly at present, but funds have already begun to pay attention, and the position is not high. If it is a 1-2 month holding period, you can consider chasing some in.

SOL : The locked amount is 7.2 billion, which exceeds FTM and ranks fifth. After AC left, the FTM ecosystem is getting worse and worse. Don't take over. SOL's trend is average and can be held.

AVAX : The trading function of the Little Fox Wallet is now available on AVAX , and users can trade directly on the wallet interface. This will help the development of AVAX , and users can participate or hold it. It is likely to be the leader of the next round of public chains.

ADA : We are exploring the token destruction mechanism. Even if the destruction mechanism appears, it is expected to be difficult to rise sharply, because ecological activities are limited and the destruction amount is destined not to be too large. We are still not very optimistic.