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RE: Biggest news of the year and Bitcoin hardly reacts
Regulation is still not completed and will take a little while longer. The ICE Bakkt Crypto Platform will be laughed in November, so that was why many important bitcoin people that already knew this, said Bitcoin will go sky high. But also this has to be proofed first before investors believe this. December 2017 had a lot of criminal value in it, so this value of 660 Billion will not come back after regulation. Total Market Cap can reach 350 Billion max.
Max? Why is that the max?
The total Market Cap depends on the investors. In December 2017 there was no real regulation yet, and the total market cap went up to 660 billion. Since January 2018 regulation has scared of the criminal circuit. If you look back the total ask dropped from about 110 million to the range of 67 million per day. Even with good news a total market cap of max 300 billion is reached max . So we need a lot of new investors to reach a value higher than 350 Billion. Wall Street boys will not jump in because the risk are to high to guarantee the customers profit.
So, basically you are saying we are in the gray area... between criminals using it and institutions... no man's land so to speak?!
Yes we are investing on the edge of good and evil ;-). You may call it gray. But what is the definition of good?