Retail investors are making a comeback in the crypto market and are even driving it more than institutional traders, according to strategists from JP Morgan. This is good news for the crypto bull market, as it indicates a growing interest and participation from individual investors. Retail investors are aware that traditional savings accounts or money in the bank are yielding low returns, and they are looking for alternative sources of investment to combat inflation and preserve their wealth.
However, the UK government is making it difficult for citizens to enter the crypto market. Despite aiming to become a global hub for crypto, the UK has maintained a strict compliance system that restricts the establishment of crypto companies. The government has been actively trying to prohibit and restrict crypto trading for its citizens, even on regulated exchanges like Coinbase. UK citizens are required to go through multiple hoops and meet certain criteria to trade on the platform.
The UK government’s anti-crypto stance can be attributed to pressure from banks. Banks realize that cryptocurrencies pose a threat to their business models and are becoming obsolete in the digital world. With crypto, individuals can carry out transactions without relying on banks, which currently have control over people’s money and the ability to veto transactions. The banks are fighting back against crypto by advocating for heavy regulations and suppression.
It is crucial for people to realize that they have the power and not the banks. This financial revolution can be achieved if individuals understand the potential of cryptocurrencies and the freedom it offers. However, given the lack of interest and awareness among Western populations, the struggle between banks and crypto may persist for some time.
📝Retail investors are back in the crypto market, driving it more than institutions.
📝Savings accounts offer low returns, pushing retail investors to seek alternative investment options.
📝The UK government restricts citizens from trading crypto, despite aiming to become a global crypto hub.
📝Trading on Coinbase for most UK citizens involves jumping through multiple hoops.
📝The UK government’s anti-crypto stance is likely due to pressure from banks.
📝Banks see cryptocurrencies as a threat to their business models.
📝It is important for people to recognize their power and the potential of cryptocurrencies.
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