US congressman: Bitcoin can’t fall

Doomsayers have been spreading their false prophesies from all corners of the internet and in mainstream media for a few of months now, and we have been hearing about the catastrophic effect and potentially terrible consequences of the crypto winter. The crypto community, on the other hand, is resilient and continues to use a variety of tokens either as a hedge against the deteriorating economy or as a means of making purchases during this advantageous period when prices are low.

Bitcoin is the most important factor in the industry’s growth, and it has been doing well despite the intense competition and regulatory scrutiny it has faced recently. According to the analysis of historical data, September is the month during which this token experiences its lowest price. However, numerous lows have been followed by remarkable Bull Runs that have completely erased any losses. In spite of the fact that we do not anticipate it happening this time with one hundred percent certainty due to the ongoing recession in the economy of the entire world, there is sufficient room for reasonable hope.

The fact that the asset appears to be too powerful and vital for it to just collapse is another significant reason why the entire community of Bitcoin aficionados is highly confident.

Doomsayers have been spreading their false prophesies from all corners of the internet and in mainstream media for a few of months now, and we have been hearing about the catastrophic effect and potentially terrible consequences of the crypto winter. The crypto community, on the other hand, is resilient and continues to use a variety of tokens either as a hedge against the deteriorating economy or as a means of making purchases during this advantageous period when prices are low.

Bitcoin is the most important factor in the industry’s growth, and it has been doing well despite the intense competition and regulatory scrutiny it has faced recently. According to the analysis of historical data, September is the month during which this token experiences its lowest price. However, numerous lows have been followed by remarkable Bull Runs that have completely erased any losses. In spite of the fact that we do not anticipate it happening this time with one hundred percent certainty due to the ongoing recession in the economy of the entire world, there is sufficient room for reasonable hope.

The fact that the asset appears to be too powerful and vital for it to just collapse is another significant reason why the entire community of

Bitcoin aficionados is highly confident.

Recently, the United States representative Bred Sherman provided his perspective on the cryptocurrency business as a whole, as well as the gradually expanding measures to regulate it. He added that the cryptocurrency sector is simply too large and has a significant amount of money for it to be prohibited or carefully regulated.

Even though this message comes out as negative, we must keep in mind that every politician has their own objective. We do not wish to go into a discussion about the political climate in the United States, but there is one fact that cannot be refuted: the United States government is aware that Bitcoin is too large to be destroyed without producing some sort of fallout. The notion that Bitcoin could see a decline is laughable in light of the fact that financial institutions like as BlackRock and JPMorgan are establishing specialized Bitcoin funds for their most important clients and that numerous nations are moving forward with the process of adopting Bitcoin.

At the same time, the entire sector is going through a period of change. The merger of Ethereum presents exciting opportunities for many investors as a result of the network’s optimization, which will be represented by the new ETH as having improved layer2 solutions and lower energy consumption. With the implementation of the Vasil hard fork, Cardano intends to boost scalability and introduce additional features. A lot of amazing things are going to happen in the future.

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