DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.
This news right here is one of those I have been waiting for so long! Finally it came out, I am very, very pleased. :-)
Image courtesy of Besticoforyou.com
The International Monetary Fund or simply the IMF has been pushing the use of cryptocurrencies over the years. Now that it’s pandemic, COVID19-plague era, IMF is in the right timing. They made the right decision in promoting it. In my personal point of view, cash in form of bills and coins could have aid the rapid spread of the virus on a worldwide scale.
I can say this after reading this article below:
https://www.medscape.com/viewarticle/821787_9
A good move indeed, good job IMF!
Every crypto trader and enthusiasts alike all over the planet would have no reason not to be happy hearing this news! This is indeed a very healthy news in the crypto market world. This is exactly what the King coins Bitcoin and Ethereum need right now. Of course, our beloved XRP too! This news is a breather, a life support, an oxygen.
The Top 3 coins are now back from the grave! They have been repeatedly hammered, their prices are keep falling against the USD in the past trading days.
The official IMF Twitter account tweeted out earlier today:
Link to the video promotion: https://twitter.com/IMFNews/status/1297640002604527621
I really believe this move from the IMF (International Monetary Fund) could have driven the bull run on the crypto markets today.
Screenshot was taken at the time of this writing.
The XRPUSD is up by 2.33% and it’s now back on the 0.29 cent level! Yahoo!!! :-)
I also checked the IMF official website and to my surprise, they have been pushing on cryptocurrencies since June 2018!
Check here: https://www.imf.org/external/pubs/ft/fandd/2018/06/what-are-cryptocurrencies-like-bitcoin/basics.htm
What more can I ask for today! Earlier I reported my news article entitled “Custodial Wallets Don’t Benefit In Case XRP Will Have Hard Or Soft Forks” and I see that it has a positive price impact for the XRP and it did. Why? Hello it’s bull run see that charts, they are not lying men.
What a great day today indeed! 2 solid news for the crypto world. 1 plus 1 is always equal 2 and 2 is better than 1. ;-) BOOM!
Hope you enjoyed reading. God speed!
