Wednesday, June 27, 2018 1:20:28 PM
China has already outlawed crypto, so just about any news that comes out of that country can be considered positive.
https://dailyhodl.com/2018/06/06/china-is-changing-its-stance-on-bitcoin-and-cryptocurrency-facing-pressure-to-lift-ban/
India seems to straddle both sides of the fence. It does look like they are about decide on how to regulate bitcoin. Regulation always seems to create FUD with bitcoin at first, but this would be good news if India decides bitcoin is a legal investment.
https://news.bitcoin.com/indian-crypto-regulations-ready-in-july-official-reveals/
The U.S. seems to be inching its way towards regulation. With some of the major financial institutions prepping for “Legal” bitcoin trading it certainly seems like they know something. If any Bitcoin ETFs are allowed then bitcoin will have no price ceiling.
I personally hope the CEO doesn’t sell at today’s prices. Hold out as long as possible – get a loan if you have to – but wait for the bitcoin run. If Bitcoin makes a big run then paying off the loan will be easy. If bitcoin fails to make any gains, then this company will go under eventually whether it gets a loan or not, so might as well gamble on the big run.
In the end, I think this company will either go completely under, or be worth a bundle; no in between.
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