At first blush, if you look at the news about crypto right now, things don’t look so great. “China Declares Cryptocurrency Transactions Illegal; Bitcoin Price Falls” screams the Wall Street Journal headline from yesterday. Bloomberg, citing that China news and the SEC threatening to sue cryptocurrency exchange Coinbase, called September “crypto’s grim month.” Indeed after topping $52,600 earlier this month, bitcoin is down some 20% to close to $43,000.
And that’s all true, as far…
Source link
