Other signs of another Bitcoin boom apart of LARGARDE's crypto endorsement.

image

The IMF boss, Largarde's endorsement of cryptocurrency is an advantage and one of the signs that Bitcoin is set again to journey on high as usual.

What she said recently in her blog post is so interesting and encouraging. But apart from that, there are other signs that price of Bitcoin may go up again.

SOME OF THE SIGNS.

• Mainstream outlets are pointing to the end of tax season.
  This is the time which some crypto holders had to sell their crypto in order to pay capital gains taxes to the IRS. As a possible catalyst, that may be part of it.

• Testing of Lightning network.
  Currently, Bitcoin speed in processing is commendable. This is as a result of the recent hard work by bitcoin community testing its new lightning network which could eventually make the cryptocurrency able to process thousands of transactions per second.

• Bittrex Reopening to New Customers
  We all know that in some months now, bittrex Exchange shut down new account registrations when it was flooded with new customers handling about 500,000 users at a poin trading concurrently which was simply massive. After going through some ugrades by the company to be able to handle the demand, at this point in time, reading the market i believe, it opens again to accepting new customer registrations which I believe is a clear sign that something interesting is about to happen in crypto world especailly in Bitcoin investment.

• Early Projects Maturing.
  Since we are not talking about only bitcoin when we make some emphasis on crypto currencies, Decentralized apps that have their own coins or tokens are also on the rise.

• SEC Goes After Crypto Fraud.
  If actually Sec is against crypto development, it wouldn't charge the founders of Centra with fraud last week. This shows that SEC also has concern to crypto recently and cares to enhance a transparency and secured atmosphere for it.
  This and other recent crackdowns on fraud in the crypto space are incredibly positive developments.

So, Apart from these signs of a great future to Bitcoin especially, the IMF boss made her positive statements about cryptocurrency, which also is a form of endorsement.

Managing Director of IMF, Christine Largarde In her blog writes:

“An important initial step will be to reach a consensus within the global regulatory community on the role crypto-assets should play,”
“If privately issued crypto-assets remain risky and unstable, there may be demand for central banks to provide digital forms of money,”

Finally, evaluate the recent rise in bitcoin and you can see for yourselve that there is hope.

Thanks for the attention.