I don't see how we don't have another "bubble pop" with this parabolic rise, but I'm starting to think it might not be till ~$2k, and probably only a brief flash crash. So much risk associated with gov't seems to have gone up in smoke today. That's huge.
You're right. What do you think a positive regulatory environment is worth, on a per-coin basis?
Regulatory pressure was, and still is, the biggest threat I think. That anxiety has certainly diminished quite a bit in the last 48 hours. That's what's interesting and unique about this parabolic rise. Would we have gone parabolic if this "hearing", and surrounding commentary, never occurred? It's not a true parabolic rise in a vacuum.
Going back to regulation, I think it would be difficult to think of a better dynamic that could exist today, than the fact that China has jumped into the fray. This makes it that much more risky for the US gov't to attempt to restrict innovation at home. After all, "the competition has adopted Bitcoin". A sort of financial arms race may be in the brewing.
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FUUUUUUUUUUUUUUUUUUUU!!
