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RE: The market has it wrong!
There’s a legal precedent for crypto as a commodity, and the SEC won’t want to threaten to make the US sector uncompetitive considering the liberalised crypto laws in Korea, Japan, Switzerland etc etc. Assuming they act rationally, of course. Also, we need to start decoupling measurements of blockchain value from fiat prices to avoid unwarranted pessimism and gain a more objective view. I just found Coindesk’s Crypto-Economics Explorer yesterday - looks interesting:
https://www.coindesk.com/data
Hadn't seen that yet, thanks for sharing. Yea I think these are still speculative assets at this point so people are mainly concerned with their prices in fiat. IF they ever start to be used as real money, that may change. I think we are ways away from that though, if ever.