CRYPTO IS STARTING TO GET INVESTING
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Crypto is starting to get investing because we are starting to see the bear of regulation coming into play. All those unregulated exchanges are going to go to zero and what is going to come out of it eventually is going to be a regulated crypto market which I think is going to be very interesting. Crypto itself is not the bad guy, crypto is a software code. It is all these rogue players and unregulated exchanges and the issuance of all these meritless tokens on the exchanges is all going to go away.
All the unregulated exchanges incentivize account holders and users to buy the tokens to get discounts on trading fees. If you look at who actually owns these things, 97% of them are owned by the issuer. You don't know who that person is because it is simply a wallet without a name on it and the other 3% are valuing it at 60 to 100 billion dollars. If there is a cash call back to fiat on $100 billion, you know that exchanges are going to fail and that is exactly what happens to FTX. You can do that if you are a bank, you can force people to buy your shares just to open an account or incentives them with a discount.
As long as you have an unregulated decentralized version of money, you going to have people ripping you off and that's what people got a taste of. Many rogue players want to take advantage of people on these decentralized platforms, but it doesn't means decentralized doesn't work. It means we need to have much higher security at the wallet level and more transparency. Nobody trusts this system yet, they want regulations and transparency.