Bullish news was thriving during this dip but for some reason the focus was on the Bears Elon and China. Here is a small overview of some Bullish things i heard about during the last weeks.

This dip was intense and it hurt all of our portfolios no matter how much profit (if any) you had taken out. Capitulation (when people sell at a loss) reached the highest it has ever done in the crypto space during the last week. As this all played out a lot of new positive developments regarding adoption took place. Many of these seem to have flown under the radar so here is a summary.

• Dutch Crypto exchanges win legal battle against Central Banks and Regulators:Dutch Crypto exchange wins Legal Battle against central banks and Dutch regulators trying to force them to have their users register their wallets. This would mean every user of Dutch exchanges would have to register each and every wallet they have as well as perform KYC verification for EVERY SINGLE transaction they make (thanks to u/Sephirothy for clarifying this part). This goes greatly against privacy as it would monitor their wallet transactions and every move they make https://bitcoinexchangeguide.com/dutch-crypto-exchange-wins-the-case-against-central-banks-unlawful-registration-requirement/
• Germany opens up to institutional crypto trading. As of July 1st 2021 a new law will allow around 4,000 existing institutional investment funds to invest in crypto assets. This is huge both for adoption and also for new money to enter crypto since we are talking Billions of euros (1.20 $ = 1 euro approximately btw) https://decrypt.co/69323/damn-huge-germany-opens-up-to-institutional-crypto-funds (Big thanks to u/Flix1 for reminding me to add this as this was the reason i wanted to make this post and forgot to add it)
• (disgusting but Bullish) Goldman Sachs characterise Bitcoin as a new Asset class. Most of us probably saw this in the last days on this sub. The timing on this is disgusting and so obvious that they have filled their bags and now share this news right after this epic dip. Anyway this is very Bullish long term and means more and more people will start dipping their toes in the crypto market. https://news.bitcoin.com/goldman-sachs-bitcoin-investable-asset-btc-new-asset-class/
• Long term Bitcoin holders reached ATH: People are planning for the Long term future of Crypto and so should all of us. Basically these are accounts that only accumulate and have not sold any Bitcoin, indicating that Bitcoin is become more and more scarce even as we are still above the ATH of 2017. https://www.coindesk.com/number-of-bitcoin-accumulation-addresses-hit-record-high
• The national Bank of Egypt is using the Ripple foundation (XRP) for cross border payments. XRP was developed to be used by banks for this exact purpose. It is not yet clear if the national Bank of Egypt will use the XRP token to move their assets but either way this is a nice step towards worldwide adoptionhttps://www.coindesk.com/ripple-payments-national-bank-egypt-uae
• While Argentina and Venezuela stack sats, Peru joins the race. This is rather unfortunate adoption news but shows how important crypto is to those who are less fortunate and live under oppression and financial tyranny. As Perus presidential candidate ''Pedro Castillo, is known for his interventionist policies ammasses most votes, Peruvians might be preparing for what could be considered an economic downturn.'' Volume has soared in crypto trading in Latin American Peru over the last weeks. https://news.bitcoin.com/bitcoin-adoption-picks-up-steam-in-peru-after-presidential-ballot/
• South Africa stating to look into how to implemment crypto into the daily financial system. They are looking for a way that can use crypto to complemment the classic cash system. This is still simply a study and they are trying to gain a better understanding of how this can be implemented and how this could be beneficial, but while adoption might not be certain we do see more and more countries realising the potential of cryptocurrencies. https://www.coindesk.com/sarb-researches-retail-focused-digital-currency
• UAE royal Family partners with ONE immortl a reward programme based on the Harmony Blockchain: Members of the UAE royal family have partnered with ONE Immortl as an addition to one of their projects they are developing. The development of one of the most sustainable cities in the world and its completion by 2030 is being accompanied by added partnership with ONE immortl. Im not entirely sure what the exact purpose is of this cooperation as this article didnt clearly state that. (thanks to u/islandtravel for sharing this news) https://medium.com/one-immortl/one-immortl-partners-with-prince-sheikh-mohammad-khalifa-bin-sultan-al-nahyan-c742207bb885
• First ever crypto chess tournament: Stiff competition in a field of 16 star names, which include all the world’s top 10 will face off against eachother in a chess tournament with grand crypto prizes. Not sure if very bullish but adoption wise possibly a nice step in entertainment. https://championschesstour.com/ftx-crypto-cup-worlds-first-bitcoin-chess-tournament/ Thanks to u/Acceptable_Novel8200 for sharing

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So this is some of the news from the last week, week and a half alone. While this does not indicate that the current dip is over it does show that long term sentiment is bullish worldwide and people as well as banks are realising more and more that crypto is here to stay.

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Keep this in mind when you think of selling your whole bag and leaving the Cryptoverse for good.

FUD will always come and go, we have seen this with every run and while it hits us hard its only temporary and even if Bitcoin is characterised as ''DEAD'' for the 215235th time I can say with certainty that it his here to stay. When in doubt, look back to the Mt.Gox incident (read up on this to udnerstand more), if BTC and crypto didnt die back then, its almost impossible for any news to stop it now.

Keep a clear mind, take profits, prepare for the worst and enjoy the ride. Nothing will always stay Bullish and nothing will always be Bearish. Patience is key.

PS. Any news you want to add let me know i can edit it in, but please provide a link, I am also very open to discuss the above news articles and hear opinions on them.!!!

Cheers folks.

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EDIT: To those complaining that I mentioned Elon in the title. I only mentioned him because this sub was flooded with him this week and its a fact that posts and comments about him overshadowed news such as the news i posted about. So give me a break please