Yes, it is a fact that this question is on the minds of many Bitcoin investors these days.. There have been significant positive developments one after another regarding Bitcoin in recent days.. The release of a beta version of the Lightning Network, which has been eagerly awaited for a while, for real users, the 1 trillion dollar investment giant Wellington Management making preparations to start investing in Bitcoin, and a lot of positive news, large and small, that cannot be counted in the field of Blockchain and other cryptocurrencies… Even if it had an impact – a win – almost none of them were able to make the price move upwards.
This situation in the cryptocurrency markets can be attributed to a single and clear reality: the climate of fear created by regulatory measures.. It was expected that 2018 will be a year when Bitcoin and other cryptocurrencies will be placed in regulatory frameworks.. As a matter of fact, since the beginning of the year, statements in this direction have always been made by important figures of the world.. In the past months, the finance ministers of France and Germany have announced that they will make regulatory proposals on cryptocurrencies at the G20 meeting, which will take place on March 19-20, at a press conference.. In addition, IMF President Legarde, who repeated his frequent call about cryptocurrencies two days ago, described this technology as “the danger that comes with hope” and called for it to be taken under control.. The European Central Bank also wanted Bitcoin to be discussed at the upcoming G20.. Even Russian President Vladimir Putin pointed to the G20 on this issue.
There are less than 3 days left until March 19-20.. On these dates, the ministers responsible for the economy of the countries and the central bank officials will come together and discuss Bitcoin.. The market is tense as there are concerns about any negative decision coming out of these talks.. The new investor is hesitant to enter the market, some of the existing investors have abandoned their investments due to negative news and are waiting for March 19-20. we can hope that the clouds will clear and we will see green again.