As cryptocurrencies become more and more mainstream, the price of bitcoin and some other cryptos have soared following the long-awaited executive order by the Biden administration, regarding regulating digital currencies. The order called for a ‘coordinated and comprehensive approach to digital asset policy”, a move that has given much relief to traders and investors, marking a landmark towards the recognition of cryptocurrencies as legitimate digital assets.
Bitcoin trading has been becoming increasingly popular worldwide - and let’s face it, quite profitable - in the past couple of years. While there is always resistance to change, there is a steady movement towards a total reform of the financial systems, converting to digital currencies. It is undeniable that the crypto advocates who have an innovative foresight for this change have been cashing in nicely on their investments, and going strong.