Despite headlines that the biggest coffee chain in the world will soon begin accepting Bitcoin, the crypto space is under pressure this morning (led by Bitcoin) following comments from Goldman Sachs that "further declines" are expected.
"...the moment of Peak Facebook...Because it’s all fake interactions by increasingly fake personas we have to erect lest we get shouted at by someone looking for a dragon to slay to bring meaning to their otherwise pointless lives."
"It seems there are greater similarities between China and the US than may be visible at first glance. China builds real estate for a shrinking population, invests for an over-indebted client (the US, which even insists on a drastic reduction of the bilateral trade deficit) and finances all this with money it does not have."
So far this year, several state commissions have either ruled against cryptocurrency donations or wavered on the issue, so the Colorado initiative, if successful, might become a precedent for other undecided states to consider...