I saw an article the other day where I think it was Russia actually acknowledged cryptocurrency as an asset. I wonder how long it will be before the other hold out governments start following suit. If enough of these institutional investors keep buying in, they might end up with a big enough lobby to change something (since we all know that is how stuff gets done in Washington!).
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The governments stance is very interesting. China and Russia keep flip flopping where they stand. The US is clueless as to what to do other than to try and control it. The EU is lost. South Korea mirrors China to some degree by being open, then closed. Japan is quiet.
This is really an interesting situation since they all will not agree.
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You summed it all up really well there!
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