German business daily "Handelsblatt" made an article discussing why Bitcoins price has recovered this year: https://www.handelsblatt.com/finanzen/anlagestrategie/trends/kryptowaehrung-bitcoin-neustart-was-bleibt-von-der-einstigen-protestwaehrung-/24322218.html?ticket=ST-57115-AOMlnvzZ94po6sXed3Oc-ap2
You can translate it for yourself with google transate or something, I will just make a very rough translation here and highlight the most interesting parts.
The article states 3 main Reasons for the price increase.
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Successfull regulation: ..."The californian exchange Coinbase has already blacklisted the whistleblower site Wikileaks, after the site called for donations, which upset the US government. The utopia of a financial world without the banks and the rich, without governments and regulators is put ad acta. Nevertheless hardcore Bitcoin fans are still loyal, but why?"
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Fanatic Fans
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Wall Street (Institutional) Money is flowing in
"Classic banks and money services are not unhappy about the problems of Bitcoin & Co. For them the hype of 2017/18 was a wakeup call which showed that their sector won't be unaffected by digitalization.
The established players at first were paralyzed by the danger of being replaced by blockchain-solutions one day, but now have realized Bitcoin and Blockchain systems as a tool to enhance and monetarize the established financial system....
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...and in the lightning network even today one single hub controls a total of 362 out of 544 locked up bitcoins. By this it becomes ever more smiliar to the structure of the traditional financial systems. ...[]... On the first look the chances of the technology might look unlimited. But the unlimited Anarchy was appearently hard to keep up in the long run."
Its really interesting article for me because its the first time I see mainstream media realizing and admitting that BTC has been hijacked by regulators and the traditional financial system alike, and that LN is a major tool for them to achieve their goals.
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source https://www.reddit.com/r/btc/comments/bmxc85/now_even_mainstream_media_admits_that_btc_has/
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