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.
