Bitcoin and the rest of the cryptocurrency markets have enjoyed a stellar run over the past few days. Additionally, the blockchain-powered social media network Steemit has witnessed its STEEM currency jump well past the $2 level. As President Trump might say, just what in the hell is going on?
Fundamentally, we are at the cusp of a major phase in the cryptocurrency markets — integration. For bitcoin in particular, we have passed the initiation cycle, and the mainstream has had quite a taste of its enormous, wealth-generating potential. But that doesn’t translate into longer-term, sustainable gains unless we have integration.
Japan and India are taking the first steps towards the legitimization of bitcoin, and crypotocurrency assets in general. Soon, these powerful nations will integrate bitcoin into their everyday lives. From there, other digital…
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