And ... We're Back? Has Bitcoin Found Its Bottom?

Bitcoin and other cryptos started recovering Saturday. Not sure if this means Bitcoin has found its bottom or it's just the usual wild volatility. 

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Not sure it can find a bottom yet with all the regulatory dynamism. Tons of stuff going on in the regulatory area: 

  • Indian govt announced it will have a crypto regulatory framework by end of this fiscal year
  • Hong Kong has just said it won't ban cryptos
  • Saudis are working on their official stance, but most think it won't be a ban

and that's just the regulatory news from the last couple of days...

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clearly hasn't found its bottom ... 

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