Coinbase Anticipates 100% Growth Over Next Few Months
Yesterday Coinbase announced that their transaction capacity increased by 1000x last year. They expect growth to continue with a doubling of transactions over the next few months. This supports my idea that ETH has a lot more room to run / explode.
Important SEC/CFTC Meeting on 5/7
The SEC and CFTC are meeting on Monday to discuss whether cryptocurrencies like Ethereum should be regulated as securities. To me it’s clear that ETH is NOT a security and should not be regulated like it. This is the majority opinion across people in the crypto world – one supported by Ethereum’s core team. This result of this meeting could very well send ripples through the entire cryptocurrency market.
Joe Lubin, co-creator of Ethereum, has come out publicly against the treatment of Ethereum as a security. He believes regulators don’t truly understand what Ethereum is and that it shouldn’t be grouped with other types of cryptocurrencies whose purpose is ‘currency.’ Lubin argues that Ether is not a ‘currency’ – it’s the ‘fuel’ required to run the Ethereum platform.