EU is more positive towards Bitcoin, price rises
Good news brings good sentiment. Bitcoin rises after positive news from the EU.
Governments are starting to take an increasingly positive attitude towards cryptocurrency. Even a big country like the United States. In this regard, the European Union is also starting to return to communications from the past. While the EU was initially skeptical about crypto, something has changed in the meantime.
The Verge reports that the EU has removed a passage when it comes to digital possession. This is a passage that talks about banning crypto that you can mine. Such as Bitcoin or Ethereum and of course many other cryptocurrencies.
This news had an immediate effect on the price of Bitcoin and also Ethereum. Today Bitcoin is trading a small plus of less than one and a half percent. It’s a minimal increase and it doesn’t say much. But the EU’s move towards Bitcoin and other cryptocurrencies is opening the door again.
The door isn’t wide open yet. There are still concerns about, for example, the energy consumption of crypto. But simply banning it is off the table in any case. Instead, it can be looked at how to deal with crypto in a safe, good and above all sustainable way.
