CFTC just said the market cap of BTC is only that of McDonalds, all crypto market cap is dwarfed by the money supply of fiat currencies, and crypto is still small compared to Gold. He basically is saying crypto still have HUGE ROOM TO GROW!!!!
Listen up, it's very clear now, SEC/CFTC only wants to go after scammers and manipulators (such as BitConnect fraudsters!). They want to protect the average investors, and they are VERY BULLISH on crypto market overall thinking it's an emerging, exciting technology that must not be stiffened by regulation, but protected by regulation in terms of cracking down on actual crimes such as fraud.
This is EXELLENT NEWS for cryptos! Can't get more bullish than that!!!
submitted by /u/geamblau
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