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Despite all the attacks on Bitcoin and the rest of crypto currencies, cryptos proved to be defiant and they are not even blending in to the pressure. Though China imposed ban on crypto, Australia made all crypto transactions to be Taxed by the Australia Tax Office. This is another milestone to the crypto industry as it is now being recognized as the crypto assets and being traded the same way shares are traded.
Coinbase Listed on NASDAQ Another victory to the Crypto
NASDAQ is one of the biggest Stock exchange in the United States of America and COINBASE which which happens to be the largest crypto currency exchange and investors can buy and sell their crypto assets there or even to store them on crypto wallet on coinbase. Now coinbase is listed on the NASDAQ Stock Exchange and its share price can be traded and tracked there.
If the biggest Crypto exchange platform is being recognized to the extend of being listed in the Stock market the will bring confidence to the rest of the investors who were skeptical and they can now start investing in the crypto assets. PayPal which is the largest ewallet is also looking forward to add crypto on their assets so that users can convert it to ewallet, so its another milestone.
If they heavily adopt the crypto currencies and start investing then the same way they invest in crypto we will expect a sharp increase in the crypto currencies. On the next uptrend of Crypto assets we can expect to see Bitcoin Bitcoin surpassing $100,000 and Ethereum can surpass $7,500 before it retraces.
Conclusion
So i guess it wise to buy your cryptos and hold them for so long as they will heavily pay later since they are being now recognized on the Biggest Stock Exchanges and some countries putting them on the tax scheme which is a good sign, 'if you cant beat them join them'.
