I wonder if there are any tax benefits for closing our a merger before year end, that would be my question if so then that adds clout to it happening this month.
With the creation of the futures on cryptos...they are looking just like forex contracts... they already trade relatively to one and other and forex is decentralized with IBs being regulated that we deal with, just like crypto exchanges in the US are monitored yet the market is decentralized... and like forex, cryptos are a spot commodity. With the launch of futures we will have futures contracts deriving value from the spot crypto underlying...The fact that the futures being launched are traded on a regulated NFA/CFTC based exchange is a step closer to the government dipping their regulatory hands in our freedom based cookie jar and that jar is looking low lately.
I believe that ETFs, Options, and other exchange traded vehicles are next, this would open up doors to qualified money investing in these things and with the trillions being turned over by baby boomers with pensions, 403bs, 401ks, IRAS and other qualified money... that is in fact a big deal (i'm mainly referring to ETFs here can't trade futures in a qualified account).
Bitcoin is the first to hit the futures exchange, others will come. Everything in our world from a transaction point of view can use cryptocurrencies... the innovation is endless, it's like starting 1990's all over again..
If BTCS is truly a company that can add value to this industry I see them rising up out of simply being an early player in the publically listed stock game, this does not mean they will get acquired but I only see more good than bad...as far as timing it would be nice for BGL to get their hands on them sooner because the futures step is a big deal, being officially on the Street is a big deal.
The only thing that I can see as a drawback to them not merging as soon as possible is with all the competition popping up all over the place and the stupid amount of time it takes for these higher ups on the aquiring side of the puzzle to complete mergers is if something better comes up that The Block Chain Group can invest in that is a better opportunity they may throw the BTCS towel in and send their dollars elsewhere. I mean it's a stick and move game at this point...companies, ideas, innovations, etc are showing up daily, by the hour even...I hope it happens sooner than later because BTCS may be just another company to consider in a large pool of choices with regards to all the expansion and investment going into this paradigm shift.
I've sat and watched merger deals for months almost pushing a year with nothing in the past...dealing with MMs, RS's, dilution and wolf of wall street level scams like when DiCaprio sold his first deal in that shit shop pushing a tech stock based in a dog house..., that's the main reason I 86ed this whole merger thing a while back, but this one is different, the crypto game has only begun, next thing we know obamacare is going to be issuing RFID chips to put in your right hand or forehead connected to your bitcoin wallet with all POS systems and automated amazon/Walmart centers accepting only crypto currency... about to be Rev. 13 up in here, i'm long cryptos, short biohacking.
