My friend sent me this one and claimed: You are stupid if you are not widely excited!
I totally agree and I'm indeed more excited than ever for what is coming for the crypto sector. I'm glad I bought BTC and ETH around $500 and $9, respectively, several years ago and am still holding them. I'm more glad that I have also bought a bunch of other altcoins, some of which may go to the moon with the upcoming friendly regulations coming into place and institutional money started to pour into it to chase them......
Just want to be clear: while I'm widely excited and bullish about BTC and crypto as a whole, I don't mean it is necessarily the best time to buy them at the moment when BTC is near its all-time high and many other coins are clearly in an euphoric state. While I don't know what will be coming in the weeks ahead, I won't be surprised to see a sizable correction before the next leg up. All I can say is that crypto is a great asset but extremely volatile one as well. If you want to play with it, be mindful of the violent volatility associated with it.
Making America the Leader in Crypto Technology On Thursday, he signed a new executive order titled “Strengthening American Leadership in Digital Financial Technology.” | ||
The order states: | ||
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Friends, this is now the official policy of the United States. | ||
The U.S. government has now put its full weight behind the adoption and protection of the digital asset class. | ||
This is what I’ve been predicting all along. It’s just coming in the guise of a “working group” instead of an “advisory board.” | ||
Among other things, the order establishes the President’s Working Group on Digital Asset Markets to strengthen and promote U.S. leadership in digital finance. | ||
Can you see why I believe this is much, much bigger than the creation of a crypto advisory board? | ||
According to the order, the group will be tasked with developing a regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile. | ||
It will be chaired by the White House’s Special Advisor for AI and Crypto (czar) and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission (SEC), and the heads of other relevant departments and agencies. | ||
Most importantly, the order directs departments and agencies to identify any regulations affecting the digital assets sector that should be rescinded or modified. | ||
This is a huge victory for the crypto community. And the winning doesn’t stop there. | ||
On Tuesday, the SEC announced a new task force to create a clearer regulatory framework for crypto assets. | ||
The goal of the task force is to “draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.” | ||
All of this is amazing news because it finally shows the rest of the world that the most important financial power, America, has gone from thwarting crypto to embracing it. | ||
That alone will bring an army of global institutional money off the sidelines and into crypto. | ||
But it's the next announcement that has me wildly bullish. | ||
On the same day, he established the Working Group, President Trump also directed the SEC to repeal Special Accounting Bulletin (SAB) 121. | ||
The SEC introduced SAB 121 back in March 2022. The notice requires banks that wish to be digital asset custodians to hold their clients’ assets on their own corporate balance sheets as a liability. | ||
That means if a bank holds $1 billion worth of bitcoin on behalf of a customer, it will need to hold $1 billion worth of its own assets as security against that bitcoin. | ||
I’ve always believed SAB 121 was deliberately enacted to slow the adoption of crypto assets by U.S. institutions. Now, this roadblock is removed. This means banks can finally get into the crypto business. | ||
Banks can now custody crypto, create financial products around crypto, and trade crypto. | ||
Did you ever wonder why the big banks hated on crypto for so long? Because they didn’t have a way to make money from it. | ||
Now that they do, bankers are falling all over themselves to offer crypto services. | ||
During an interview at the World Economic Forum in Davos, Bank of America CEO Brian Moynihan said, “If the rules come in and make it (crypto) a real thing you can actually do business with, you’ll find that the banking system will come in hard.” | ||
He didn’t say the banking system will study crypto. He didn’t say the banking system will test crypto. He said “the banking system will come in hard.” | ||
Bankers don’t use language like that lightly. You can tell he’s a raging bull on crypto adoption. | ||
And he’s not the only one… | ||
Morgan Stanley CEO Ted Pick said, “We’ll be working with Treasury and the other regulators to figure out how we can offer (crypto services) in a safe way.” | ||
Also speaking from Davos, David Solomon, the CEO of Goldman Sachs, said, “At the moment, from a regulatory perspective, we can’t own” (bitcoin)... If the world changes, we can have a discussion about it.” | ||
Guess what? | ||
The world just changed. | ||
Hear me when I tell you that every major U.S. bank that wants to stay relevant and highly profitable will charge into crypto to establish a beachhead among its client base or run the risk of their clients looking elsewhere. | ||
Crypto Is a Top Administration Priority | ||
As soon as Gary Gensler, the former head of the SEC, left the building, we saw at least 50 applications filed with the SEC to launch crypto index funds. That means we’ll likely see funds for altcoins like Dogecoin (DOGE) and Solana (SOL) come to market soon. | ||
Friends, all of last year, I told you we’d see the mass financialization of crypto assets in 2025. And that financialization will come in the form of ETFs. | ||
Now that SAB 121 has been repealed, expect the big banks to start offering all manner of crypto products from loans to custody to hedging instruments. | ||
Retail and institutional investors will have a neat ETF wrapper around their crypto holdings… and a banking industry ready and willing to provide collateralized loans. | ||
That means investors won’t have to bother with setting up wallets and private keys or dealing with smart contracts. It’ll be an easy way to have exposure to this asset class through a brokerage account. | ||
This flood of new ETFs and bank-supported products will create a railway for enormous amounts of institutional capital to flow into the crypto market. | ||
Long story short, we are at the doorstep of the single biggest migration of capital and adoption into the digital asset space anyone has ever seen. | ||
That first step through that doorway can only happen once. And it’s happening right now. | ||
Friends, the bull market ahead of us will be absolutely outrageous. It will be beyond anything we've seen before… We’ll see more money and more people participate in crypto than we have in any other time in history. | ||
And I believe one of the best ways to rip profits from this epic bull market is by trading the incredible volatility this melt-up phase will create. | ||
Over the next 12 months, we’ll see moves so fast they’ll make your head spin as billions of dollars of new capital rotates through the market. |
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