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

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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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