Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[aryan4]

In her response to the questions of US senators, the former president of the FED, Janet Yellen made positive statements this time about cryptocurrencies.
Briefly, their last explanation is as follows:
---- "I think it is important that we consider the benefits of cryptocurrencies and other digital assets and their potential to increase the efficiency of the financial system. I think we should take a closer look at how to encourage cryptocurrencies for legitimate activities while limiting their use in malicious and illegal activities. I plan to work closely on how to implement an effective regulatory framework. ----
How do you think these statements will affect the market?

 

[aryan4]

This official unfortunately made the markets very uneasy with her first statement and the reaction of the markets was very harsh.
At least it's good that this latest statement is positive.

 

[Niftyicon]

This should have been her first statement, even if she was overly concerned with the illegal activities going on with Cryptos. Nevertheless, I hope this one smoothens things out a bit.

 

[aryan4]

This should have been her first statement, even if she was overly concerned with the illegal activities going on with Cryptos. Nevertheless, I hope this one smoothens things out a bit.

You know, her first statements made the markets a little sad. Her statement after that is still a positive statement and I think it has had a positive effect on the markets.

 

[Niftyicon]

You know, her first statements made the markets a little sad. Her statement after that is still a positive statement and I think it has had a positive effect on the markets.

That is just the thing with notable people's opinions as regards Cryptos and even stocks. Just one tweet or statement could disrupt the markets.

 

[achawaskey]

It is a good statement, it shows that cryptocurrency is gaining wider acceptance and very soon there will be proper regulatory institutions saddle with the responsibility to regulate cryptocurrency.

 

[aryan4]

That is just the thing with notable people's opinions as regards Cryptos and even stocks. Just one tweet or statement could disrupt the markets.

We have seen how clearly the markets are already affected by these announcements. If she had been an investor in the market, she wouldn't have created such a big speculation.