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Any company based and doing business in the United States must never allow transactions to proceed with people of countries under economic sanctions otherwise sooner or later there will be government agencies to go after it. I am a little bit surprised that it took a whistleblower to open the Pandora's box for Block Inc. Let's see how the government will be handling this case and if there will be some personalities that can be getting some prison terms or will there will be a huge fine to be imposed on the payment company. Block is not operating here in my country so am not so familiar with this platform but I see that this came into popularity all because of Jack Dorsey, a well-known cryptocurrency supporter and was associated a lot with the former Twitter (now X under Elon Musk). I guess 2024 will also be a year where cases are filed against crypto-related platforms for various forms of violations...am hoping the same will not be true in 2025.
When the price of bitcoin drops to $56k you don't just look, we have to be ready to enter and buy more bitcoin because usually when the price falls like that it will bounce quite high. We just need to make good use of the opportunities for rising and falling Bitcoin prices to continue to profit from the movements made by whales.
If your skepticism is rooted in the current prices, then don't worry. Right now the entire market is undergoing the post-halving correction period. Remember, bitcoin achieved a new ATH before the halving this time, so the price had to dip and revert to the actual base number. Anyway, historically as well, the bull run comes a few months after the halving. Analysts and HODLers are also positive that the bull run will come. So, I am actually looking forward to the end of the year to see where we stand because I will remain bullish for now and benefit from the dip.
Learn how to be patient in the sense that you don't know when bitcoin will excel in price. Patience is what the majority of investors lack. Most of them want to see profits in their bitcoin investment always without first understanding that the crypto market is volatile, it does fluctuate up and down and there are times to expect huge profits out of one investment in bitcoin(that is the bull run season)