MY OH MY.........CNBC HAS FLIPPED!!! Last week Kramer called to get out.....and now everyone on Squawk on the Street is FULLY acknowledging that they may be behind on this thing. Still don't buy Bitcoin fully, but Blockchain 100%......and very very little denial of Bitcoin. This is a MAJOR about face for CNBC. Here we go folks, like Haejin said....buckle up! Once some of these major companies start investing in Bitcoin instead of their banks.....this thing is going literally TO THE MOON.
Muwhahaha.....and Futures are trading for 18k looking toward January.....they need some Haejin in their lives!
AND the SEC issued a red flag warning to investors to be careful investing in cryptos......I LOVE IT!!!
The banksters are under attack and they dont know what to do....the entire financial network is going to be turned upside down and there is nothing the establishment can do about it. Future trading "legitimized" crypto...LOL I laugh at that term.
The fact is people are legitimizing it through their desire for something different. We are seeing it here on steem. 25K-30K a day are on here earning crypto...people who are normally outside the inner circle of really huge profits. Now we are in on the ground floor.
I would agree, there does seem to be confusion tending towards a somewhat frantic disposition on their part.
Honestly, I would not agree. They know what's going on. Make no mistake, they pay people big big big big big bucks to make sure they are on the cutting edge of technology. Whether they incorporate it immediately or not is the only question. It's in their interest to let the market smooth out the waters before they launch their products.
All major banks and lenders are already on track with their own blockchain technology. I'm not saying it will be better or worse, but the vast majority of people will continue to use their bank or investment firm to get into crypto. And the banks will make it easy....let you buy whatever currency you want....through their system.
In fact....I think it will be easier to manage funds at that point simply because you have that many more people innovating on top layers and UIs. I don't buy for one second that the naysayers don't already own crypto or have a very well laid out plan as to when to introduce it to their client base.
Once we get the benefit of swimming through the waves, hopefully surfing them cleanly......then they will come in batting cleanup and get everyone else involved and take a cut. They are thrilled for us to figure out the territory for them.
I'm not saying they are able to compete with BTC, and I'm not saying they own all of us sheep.....just saying.....let's remember who these people are....they run the world, or at least to the highest degree that someone can. Every major company is just waiting for their moment to jump in, and most of them will probably get it right, because they have immense resources. Not to be a downer, just calling it like I see it.
Just get while the gettins good!
Doing the opposite of what Cramer and CNBC says is about 90% accurate.