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RE: Bitcoin Surges Back to $2800 As India "Legalizes" Cryptocurrency

in #bitcoin7 years ago

Sooner or later all Govts. has to accept cryptocurrency and bitcoin is the first step. Crypto is a fact no longer can be denied.

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And once we 'cross the chasm', it will be a great wave of adoption until reaching maturity. So much more people connected to each other with the ability to transact over the Internet. Imagine the possibilities.

I think we all agree on that, and I truely wish that from the bottom of my heart. For now, bitcoin isn't much of a threat with only 40% of a $100 billion market. It's not even a drop of rain in the huge multi-trillion dollar markets. The big hitters on Wallstreet and Washington D.C. don't feel threatened for now and "experts" chuckle when they talk about bitcoin (CNBC). But as bitcoin and altcoins gain more and more momentum, that's when we'll see some heavy resistance.