As I make my way back to Switzerland after a weekend at home in Mallorca, I cannot help thinking ‘Why London?’.
The Government, the FCA and the Bank of England take note – it’s not just illogical Covid rules that will kill our recovery stone dead, it’s also a certainty if we continue to fail to support our blockchain community – they will leave and set up camp elsewhere.
What started as another weekend of woe for Bitcoin turned on a sixpence yesterday, with the leading cryptocurrency soaring 12 per cent over the last 24 hours.
Market sentiment is at its highest level since early May, up at 28 on the Fear and Greed Index today.
More and more countries are making noises around adopting the so-called Bitcoin Standard, with Tanzania the latest to make moves.
Tesla CEO Elon Musk was also again at the forefront, with the Dogecoin lover and space enthusiast tweeting on Sunday that Tesla “will resume allowing Bitcoin transactions” if and when there’s “confirmation of reasonable clean energy usage by miners with positive future trend”.
The total spot trading volume reported by all exchanges over the last 24 hours was $44,266,747,568.
It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions.