Understand chronology in US🇺🇸 to control crypto:
Phase 1:
* Allow the industry to become a $ trillion industry.
* Allow Coinbase and others to do IPO.
* Even accept donations from FTX.
* Allow crypto banks.
Phase 2:
* Crackdown on foreign exchange like Binance for funds manipulation.
* Target US companies for running staking programs.
* Choke crypto banks to provide funds to crypto.
* Give a clear message that US is not comfortable with crypto.
Phase 3:
* Fund should not move out of US. So for that :
* Relaunch FTX 2.0
* Prometheum becomes first crypto company to be approved by SEC.
* Ask BlackRock to apply for ETF
* Fidelity plans to buy Grayscale.
* Invesco applies for Bitcoin ETF
* Crypto exchange backed by Fidelity and other VCs gets license.
US is least bothered about the tech and innovation. All they want is a control over the industry through their regulated entities and not an outsider.
As a rule of thumb, don't invest in what you don't understand.
Invest time, before investing money.
So when the odds are stacked, you can own responsibility, knowing full-well how it works.
All that glitters is not gold.
Ethereum gas fees is currently at its lowest in the past two months.
Trading volumes on exchanges, also at its lowest.
Not much hypes or sentiments happening atm.
But like a soldier, you must not retreat. Never an option.
While others are slacking, it's time to double-up.