💀🔥Kinkos attacks e-mail. The SEC's analogy 🍀🍀🖨️ The frequent and well-timed attacks of the Securities and Exchange Commission (SEC) against cryptocurrencies can be likened to a situation where Kinkos, the print shop giant, starts attacking email – the digital advancement that disrupted its core business model.
📧Just as email brought about a revolutionary change in communication, rendering traditional modes such as postal services and fax largely obsolete, Bitcoin has emerged as a radical reimagining of the traditional financial system, challenging the status quo.
However, just like email, which ultimately prevailed and became the norm due to its efficiency, speed, and cost-effectiveness, Bitcoin too carries significant advantages that predict its inevitable rise. Its decentralized nature, high security through cryptographic encryption, and potential to provide a universal currency immune to national inflation rates highlight Bitcoin's robustness and future potential. Even though Bitcoin may endure attacks from regulatory bodies akin to Kinkos challenging the rise of email, it is poised to survive, adapt, and eventually thrive, fundamentally transforming our perception of currency and financial transactions in the years to come.
Let's take a look at previous attacks:
💀🔥Mar 8, 2023: ''Jerome Powell Ponders Potential for Digital Dollar to Send Bitcoin to Zero''
ref: decrypt.co
💀🔥Mar 9, 2023: ''Biden budget proposes 30% tax on crypto mining electricity usage''
ref: cointelegraph.com
🍀🍀Result was BTC price took a dive from 25k to below 20k.. then a Pump TO 31K
Today's attacks:
💀🔥June 5, 2023: ''SEC sues Binance in US district court for unregistered securities operations''
ref: cointelegraph.com
💀🔥June 5, 2023 ''Solana, Polygon, Cardano, and BNB named as securities in SEC's suit’
ref: fortune.com
Well timed attacks:
👹 SEC's attacks are always very well timed, when Buyers are starting to feel confident. Someone in SEC has to be a master on Technical and Fundamental analysis.... the same person probably buys crypto after the dip has been caused. I wish i was his friend, would have been a great friendship. ( Not ⛔ )
Why the KINKOS analogy?
It should be easy to figure this one out... it has to do with The Fed's favorite ability: Printing!
One Love,
The FXPROFESSOR
Ps. not sure if now is the time to Buy or at 23,700
