In Egypt, we have a famous proverb that says: "The third time is fixed", and its interpretation varies depending on the situation. It could mean repentance or the end, and this is exactly what the situation seems to be now. The market we are talking about has fallen twice, and if the third fall happens, it could be the end forever.
In the previous two times, many people withdrew, including politicians and the elite of society, and all that remained were the poor who are trying to recover their capital, in addition to the gamblers who insist on continuing. These events have established the idea among politicians and decision-makers that this market is unstable and full of risks. Even artificial intelligence has been given names that indicate its fluctuations, and they have begun to warn people about it, and in some countries it has even reached the point of criminalizing it by law.
As a result, the popularity of digital currencies has diminished, despite what may seem otherwise on the surface. To circumvent this situation, digital currencies have turned to major institutions such as BlackRock and Morgan Stanley, to try to gain the trust of naysayers through commodity exchange-traded funds (ETFs) and meet European standards to convince them that it is a real market and not just a fantasy or fantasy.
What I am presenting here is an introduction to several important articles to understand the upcoming movements. To follow what these financial institutions will do, and what will be the trends of countries towards the digital currency market.