$USDT Tether the largest cryptocurrency in terms of trading volume , holding 70% of the total market share amoung all stable coins is facing a ban on the 30th of December on all European Exchanges . The major question is why is tether facing a ban? The reason tether is facing a ban in Europe is that the EU exchanges are imposing strict regulations (MICA) mostly on stablecoin issuers with issuers of stablecoins being expected to have an e-money license and ensuring full reserve of fiat backing the coins in banks . EU is trying to protect investors & traders of crypto and promote transparency as well to them. Tether has been facing legal issues of being unable to secure a reliable fiat banking relationship leaving a question mark as well on this stablecoin issuers. Tether has not yet secured the required e-money license , making it a threat to EU regulations which is resulting to it being delisted on EU exchanges.
What does this mean to us crypto traders & investors who usually use this stable coins to minimise risk on our investments in terms of high volatility times & as well for profit taking. The delisting could significantly impact us negatively through reduction of liquidity and an increase in costs since some of the players would have subtracted from the equation , FUD may also hit non EU traders & investors leading to them dumping the coin running to other alternatives like USDC the second biggest stablecoin or even some might convert their coins to fiat all this will lead us back to low liquidity of the coin's market
To counter attack such a problem traders & investors need to adapt to such situations and look for solutions and implement good strategies to guard themselves against risk of ruin . My advice would to be ready for everything as what will exactly happen will be reviewed on the 30th . Be vigilant & strategise & Never to rely on Luck in these markets.
As a Dogecoin HODLER , I see a brighter future for the coin despite many Hodlers of that coin losing a lot of hope , but the good news here is 2025 is the coins year. Dogecoin the first memecoin to be launched in the crypto space in 2013 has not moved much higher like other memecoins its All time high being 0.74 with a market cap of 47.24B . 2025 expect the unexpected to happen right from the start of the year , the meme coin is going to surge up heavily unexpectely just like $XRP did. I am very Bullish on the coin patiently waiting to buy more coins worth $3000 around 0.2306 levels and expecting the coin to go higher 10X + . You might be wondering why I have so much confidence on the coin but I am heavily bullish because the richest man in the world loves the coin very much. Looking back with what the man has achieved its non negotiable his hands are gold touch , Elon musk has shown a lot love to the doge community and the coin to an extend of naming the government department the same name as Doge . Elon's friend president elect Trump promised to support crypto next year & already started creating strategies to help USAđșđž obtain bitcoin and I'm sure Elon will do something to help dogecoin . In January Elon is expected to launch X payment and he stated that X payment is going to be taking crypto as a payment method , I am expecting dogecoin will be the one since he already takes dogecoin as a payment method for some items of the Electric car maker giant Tesla proving he also owns some dogecoins. On 25 Dec Elon posted a tweet on X ( formely twitter) with the statement "who let the DOGE out" with a picture of the dogecoin shibu dog secretly praising the coin since Mr Musk had faced a lot of challenges of plethora lawsuits being filed against him for manipulating the coins price through his tweets , so he had to play it safe but also had to awake the coin's community. $1 is easy target to reach with no sweat wait and see. Whats your thought?
#BitwiseBitcoinETF $BTC Bitwise Bitcoin Standard trust a company found in 2017 that specialises in asset management of digital assets like Bitcoin. This company is well known of letting investors get involved to Bitcoin in a regulated manner as it specialises in the growth & future of Bitcoin. This time the company created a new project called Bitwise Bitcoin Standard Corporation ETF which is a project that focuses on corporations adopting the Bitcoin standard of requiring 1000 Bitcoins in their reserves same way large corporation get their hands on fiat currency reserves which are used for the smooth operation of companies . That being said with more companies holding Bitcoin this drive could be a surge in Bitcoin price solidfying its position as a treasury asset . From Economics stand point using the laws of supply and demand if large corporations starts putting their hands on $BTC in large quantities this could boost demand of the coin massively and reducing the circulating supply as companies are to put this coins as reserves resulting in Bitcoin going higher than expected prices . As well with the help of the president elect of america who is in support of the future of Bitcoin this would be positive to the coin as well since most companies will slowly abandon the fiat currency system and put their hands on the new shinning coin as this coin is likely to be used to settle international payments which large companies are involved . We might say a lot but the bottom line is this is going to push $BTC to higher prices like 200-300k per coin next expect prices like that in 2025 . Whats your take? , drop your own view below.