There's a lot going on in the background that many people are missing and not seeing. One of those big moves is in the banking sector. Now sure the banks have things like fed now for faster transactions but there's still many issues with banks and being able to deal in crypto assets.
The Floor Is Building
Right now in the USA we are still shaping a very pro crypto government but it honestly feels like these few are buying up all of the bitcoin as the move into power to stuff their own pockets.
So why you would ever sell any of your own bitcoin and not continue to stock pile it right now is beyond me. You really think trump and these others big wigs are buying up and holding bitcoin right now (you know the people who are going to be in charge of passing the laws etc) are doing that because they think they are going to lose money?
Heck no, they are stock piling it betting big that the price of it will go up and one of these big shifts here most likely coming by end of year is how banks will interact with the asset.
Banks
Right now banks if they were to take on crypto assets and hold them for you they would need to also hold a even amount dollar value for what that asset is worth and "lock it up" so they wouldn't be able to loan that money etc which is the primary way banks make there money.
Do you really think they are going to be keen on doing that just to hold crypto assets? The answer to that is a big no and trust me the last administration knew what they were doing when they were passing these laws and doing everything they could to hold back bitcoin and crypto.
This change in ruling would finally allow banks to hold crypto assets and not set aside the fiat amount of it locked up which would open up a massive amount of new liquidity across the world.
But it's not just banks we are also starting to see other places come back to the USA such as in recent news Binance US is back to listing their USD deposits again since 2023 when they got the slap from the Biden administration.
I swear laws crack me up anymore... There was a time in my life where I would never break a law because that's what I was told. But now I realize that just because something is a law doesn't make it right and if enough people go against that law it will change.
Other Assets To Watch
Solana and Cardano seem to be two big players that are still getting a lot of attention. They are also shifting and moving rather rapidly. Cardano is pushing towards a more decentralized solution which Solana is starting to build a core foundation in which unlocked tokens are now longer that big of a factor as what they once were.
This could make both assets a viable option to watch and see how they continue to play out.
Now for me personally I don't care that much about deactualization. Now before you get all crazy about that what I do care about is privacy and blockchain can do that very well even in a centralized solution.
We have seen countless decentralized solutions over the years and they are just too dang slow or wasteful. You need centralized solutions for fast changes and growth.
Posted Using INLEO