More good news continues to interfere in the encryption industry. Market Belweether Bitcoin(Crypto: BTC) It returned to more than $ 100,000, and only set the highest new level up to more than $ 111,000 to this lines. On May 19, he exchanged cryptocurrency Coinbase Global(Nasdak: currency) Join officially to S & P 500.
While the encryption lovers look at the inclusion Coinbase In the S&P 500 as a cause for celebration, critics and messengers are already abroad. This is what they say.
Coinbase is to join the S&P 500 Guard change. As the first original C & P 500, Coinbase will replace the credit card company Discover financial servicesWhich is obtained by Financial capital(NYSE: COF). Therefore, the S&P 500 replaces the “traditional financing” share with the “Blockchain” share.
So what is wrong with that? The problem is, simply, is that any shared box or exchange box (ETF) that tracks the S&P 500 will now have to buy Coinbase. This means that millions of Americans, whether they realize it or not, will also buy Coinbase. As a result, they will add (indirectly) a small amount of encryption risk to their governor.
If you think Crypto is a volatile and toxic origin, this is not good news. In fact, some industry monitoring now warns that the hypocrisy of encryption is “a disaster that is a disaster.” As they see this, any collapse of the encryption sector – which was more than a few – will eventually hesitate in the governor of ordinary Americans.
In the worst scenario, this may lead to something similar to what we saw in 2022, when the value of all encryption assets decreased significantly, and Coinbase took the beating. Or, worse, something similar to the 2008 global financial crisis.
But any mention of the 2008 global financial crisis is the place where things become interesting. This was because it could have been said that the event that led to the creation Bitcoin. In the first group that was absolutely mined for Bitcoin Blockchain, there is a direct indication of the banker and government officials.
The so -called Bitcoin “Book Block Block” is quoted by the title of the UK newspaper from January 3, 2009: “The Times 03/Jan/2009, BRINK OF SECOND Bailout for banks”. While no one knows the certainty of what Satoshi Nakamoto (the constant founder of Bitcoin) has set with this encrypted message, it is generally explained as a warning against the risks of the traditional financial system.
Therefore, if there is anything, investors should be excited about Coinbase joining the S&P 500. They should be enthusiastic for Bitcoin exceeding $ 100,000. They must be very enthusiastic about the United States, which finally adopts in support of crying policies and building a strategic reserve for bitcoin. From this perspective, Blockchain financing will save the world of traditional financing, not destroy it.
For this reason, Coinbase is likely to be an exciting investment game these days. It is at the forefront of innovation and Blockchain. In 2023, for example, it became publicly circulated with its Blockchain network. It continues to develop innovative new digital assets for investors. At the same time, Coinbase helps build a stronger encryption industry by supporting it to regulate better encryption.
I take a positive look at Coinbase. Technical innovation is where the value is created these days. It can be said that Coinbase- as the first coded inventory added to the S&P 500-is the largest unilateral innovator in the coding industry at the present time.
It is likely that the same people who are concerned about joining the S&P 500 are also the same people who are concerned about the new artificial intelligence companies (AI) who join the S&P 500. With artificial intelligence as well, there is a potential risk. Just speak to any leader in industry in artificial intelligence-who will admit that existential risks of artificial intelligence that gives humanity. This is more terrifying than anything that can happen with encryption.
There is an encryption revolution that occurs in America these days. The prevailing Crypto runs, and the increasing number of encryption companies benefit from this direction. If you are not fully prepared to add encryption to your wallet directly, it may be useful to take a look like Coinbase, which provides exposure to the wider encryption market in a safer and more organized way.
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