Is Crypto Winding Down or Just getting Started? 35 Crypto Regulation Will Take the Industry to New Heights

Crypto Weekly

Is Crypto Winding Down or Just getting Started?

Crypto is on shaky ground. Bitcoin is down about 50% this year, Ether 70%-and hardcore believers are panic-selling. One has to wonder about the future of digital currencies. Chris Dixon said those who doubt crypto are taking too myopic of a view. A crypto-evangelist, Chris is a prominent figure in Silicon Valley. He is General Partner at Andreessen Horowitz Venture Capital. At the beginning of the year, he seemed to be doing well with his proselytizing, but now it's all crashing down. Last week, Bitcoin reached its lowest point in 18 months — at just above $17,800 —and Ethereum is worth about a quarter of its November peak.

"To look at the history of the internet and tech, there are two tracks: a financial track and a product and tech track," Dixon told host Kara Swisher. The financial track has been "this crazy uncle that's jumping up and down," he said. "I thought last year was too high. I think this year, it's too low. But it seems wildly volatile to me in a way that doesn't fully make sense." He said, "it should be viewed separately from the product and tech track," instead of saying, "it should be through the long lens of history." "Blockchain is history in the making," he said. "There has been a new computing wave approximately every 10 to 15 years since World War II. And for each of those, I spent a lot of time thinking about this and reading its history- each wave had an incubation period." But, "I don't think that we should throw the baby out with the bathwater," he said. "I think that core technology is critical." “Web3, combining the best features of the open, decentralized protocols of Web1 with the advanced modern functionality of Web2, has the potential to render powerless the handful of giants that control the web and put that power in the hands of users," Dixon said. He added: "I believe Web3 and crypto are the only disruptive technologies in the world right now that can take down these empires and rebuild them."

I agree with Dixon. Just because we have had a few bad weeks is no reason to throw away everything that is so promising about crypto and Web3. This is still only the beginning. All of us are still early to the game. Volatility attracts traders looking for profits, but it can be nerve-wracking for new investors. Prices spike and crash almost as quickly, while rumors, sentiment, and fundamental developments are rapidly factoring into the market. As new cryptocurrencies emerge, and others fall by the wayside, traders can expect plenty more of this volatility in the future. What investors should be doing if they want to stay on top is simply managing their risk. Never invest more than you are willing to lose. I am not winding down my crypto investments but just getting started. I am not slowing down my study of what is going on. I am increasing it.

Robert Stone

Editor

Crypto Weekly

Crypto Regulation Will Take the Industry to New Heights

Kevin O'Leary, Shark Tank's top shark, believes regulation will lock in huge capital investments in crypto. Former crypto skeptic O'Leary, now believes clear legislation will drive the value of crypto up.

Currently, Senator Lummins' crypto bill is being debated in Washington DC by members of Congress, and O'Leary was recently in Washington DC to lobby Congress on behalf of the industry. Now that is a complete turnaround!

In a recent interview with the Bankless Podcast, O'Leary discussed his optimism about crypto despite the recent market decline and why he believes that, with clear regulatory frameworks in place, crypto could become "the 12th sector of the economy."

The Importance Of Regulation

Historically, cryptocurrency has been seen as a fringe element of the financial world due partly to its lack of regulatory oversight. Gary Gensler, former head of the SEC, labeled crypto the "wild west" of investing last year and called for more investor protections. In O'Leary's case, the possibility that authorities might regulate crypto changed his mind.

"The event that turned me around, what changed me completely, was when the Canadians, the OSC (Ontario Securities Commission), granted the first crypto exchange license attached to a dealer broker, a compliant platform. It wasn't rogue anymore," O'Leary explained to Bankless.

As O’Leary and others have altered their hardened opinions due to the force of logic, so should the rest of the world. As the Editor of this publication, I see the same process going on in the mind of the public at large. Here we just had "Crypto Winter," and now, along with O'Leary and others, I see spring on its way! I call it the "great flowering."

According to O'Leary, Canada's crypto rules could influence other countries to adopt their own. Although regulation is important to protect crypto investors, O'Leary is most excited about how it will create clear rules that will allow sovereign wealth funds and pension plans - the largest financial institutions in the world - to invest in cryptocurrencies. "I always ask these institutions and sovereign funds, what share of Bitcoin will you put into? Just Bitcoin - what will you allocate if you could? And they always say, well, we can't, because the SEC hasn't ruled on it yet," O'Leary said.

O'Leary said that once regulations are adopted, people who manage money for sovereign wealth funds and pension plans will "allocate 50-100 basis points" to crypto. It may not seem like much, but the funds O'Leary describes have billions, if not trillions, of dollars, so this is a lot of cash coming into crypto. It's not going to stop.

O'Leary is talking about bringing the real money into crypto, “the real sovereign wealth," O'Leary continued. "And so for everybody that used to criticize me about saying, let's get this thing regulated, now they understand why they wanna get it regulated too. It's the trillion dollars that'll come into this market overnight when it's regulated." When all that happens and the full support of the industry is behind it, along with the U.S. Congress, after it gets its act together, the whole crypto investment world will be a different place. It's not going to be long coming either. The world won't wait because money is involved, and guys like O'Leary see clearly where all this is going.  E

Crypto Weekly

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Crypto Weekly

Should a Beginner Buy the Bitcoin Crash?

Bitcoin, and the rest of crypto, are having a rough year. BTC, the market's biggest crypto, is down roughly 70% from November highs. The Federal Reserve's actions and fears of a recession have consistently put pressure on financial markets, and cryptocurrency has been among the most challenged assets. Bitcoin fell to $17,800 last week. In my own experience, I spoke with several investors about buying now at these lower prices, and none of them said it was a good time.

Crypto Weekly

"Unfortunately, I'm not a buyer at these levels," said Marc LoPresti, managing director at The Strategic Funds. "In the crypto fund I advise, we've been in cash 80% of the time for a while now because of this choppy market." LoPresti said he had heard from traders that they would "back up the truck" if Bitcoin fell to $16,000, but he was skeptical: "We'll see."

“Historically, we have weathered these types of storms, but we are now in a bear market - it never feels good. As for the short term, I am extremely nervous about the markets and I think we are in for a lot of pain over the next few months and possibly longer." Crypto is going through a "flushing" right now. To survive this period, we need to weed out the froth and focus on applications that have utility, end-use, and survive this period.

I, like other investors around the world, still think Bitcoin has value. In particular, Bitcoin is under pressure, because it is no longer construed as an inflation hedge. What it's trading like is unprofitable tech. I don't think that invalidates Bitcoin. I think there is a level of support. Maybe $16,000. When could it be reached? Well, it seems we've already reached it. correct themselves over time. Dip buyers hope to take advantage of price drops by buying at a relative discount and reaping the benefits when prices rise again.

It's risky to buy cryptocurrencies at any price, let alone a dip that could turn into a long-term trend. Your investment could return to previous levels, but it could also fall even further, leaving you underwater.

Based on past performance, the current dip (or crash, depending on your perspective) may bounce back just as it did last year when prices fell to similar levels before returning to pre-dip levels, and even peaked in the fall. But of course, they might not.

Even in the unpredictable world of cryptocurrencies, past performance is no guarantee of future results. Bitcoin prices have shown seasonality to date, falling in value in the spring and then rising again in early summer. According to Oleg Giberstein, "many a novice investor have lost money trying to "catch falling knives". Those interested in 'buying the dip' are advised to decide on how much money they are comfortable spending each month on BTC or ETH, and not to worry too much about price fluctuations.

Is 'buy the dip' a good strategy?

A 'buy the dip' strategy assumes that price drops are temporary aberrations that will Digital exchange Wirex's Pavel Matveev advises buyers to hedge their bets. To reduce risks, he advised diversifying your crypto portfolio with different altcoins.  E