Today is a great day. Yesterday I posted an update on the #btc price and set a resistance level on 8500$ and I am so happy that the resistance is now broken.
Now after reading this article here
THE 2018 JOINT ECONOMIC REPORT
REPORT OF THE JOINT ECONOMIC COMMITTEE
CONGRESS OF THE UNITED STATES ON THE 2018 ECONOMIC REPORT OF THE PRESIDENT
on page 215 of this report, they are talking about blockchain and cryptocurrency
"WHAT ARE CRYPTOCURRENCIES AND BLOCKCHAIN?
Blockchain is the distributed ledger technology that underlies
digital currencies such as Bitcoin. A ledger is the accounting tool
that tracks the movement of money from one person or account to
another. Conventionally, such records are stored in central
locations like banks, headquarters, and Paypal servers. Blockchain
revolutionizes ledger technology with a network of distributed
ledgers. Instead of one central, authoritative record of all
transactions or information, blockchain creates potentially
thousands of identical ledgers in computers and servers all over
the world."
But what we need to take a look at is the conclusion, they are literally recommending that you guys get familiar with cryptocurrency. Well, that is crazy... and it is self-explanatory to understand that this is a great news here.
Here's the conclusion:
"CONCLUSION
Technology presents evolving challenges and generates new
solutions. Blockchain technology essentially stores and transmits
data securely, in large volume, and at high speeds. So far, the
technology has proved largely resistant to hacking, and given this
feature, developers first applied it to digital currencies. Yet
blockchain has many more potential applications, such as portable
medical records and securing the critical financial and energy
infrastructure that the Report identified.
Recommendations
- Policymakers and the public should become more familiar with digital currencies and other uses of blockchain 225 technology, which have a wide range of applications in the future.
- Regulators should continue to coordinate among each other to guarantee coherent policy frameworks, definitions, and jurisdiction.
- Policymakers, regulators, and entrepreneurs should continue to work together to ensure developers can deploy these new blockchain technologies quickly and in a manner that protects Americans from fraud, theft, and abuse, while ensuring compliance with relevant regulations.
- Government agencies at all levels should consider and examine new uses for this technology that could make the government more efficient in performing its functions."
I don't anything to say, that article is just a relief after a market dip that happens over the weekend.
And also that's why I am very positive today that probably by the weekend btc will break the 9500$ resistance that I set.
Here's what the current btc graph looks as of the moment.