THE GREAT RISK OF NOT INVESTING IN CRYPTOCURRENCY
Leverage is the cause of every bankruptcy we've seen, so it's critical to remove unrealistic managers from the market. The only remaining individuals who understand leverage risk and the volatility of Bitcoin are managers. All the unrealistic individuals have left. The days of idealistic management are now gone, and 60 billion algorithmic stablecoins have been deleted. With the unrealistic folks gone, the industry is considerably stronger.
Because everyone who trades cryptocurrencies knows this is one of the first years they will report, the cryptocurrency market is quite intriguing. For instance, if you trade any cryptocurrency asset, you will need to disclose any profits or losses. The idea that Bitcoin is a decent proxy for numerous cryptos is one that is inherent to it. It is really difficult to imagine such initiatives expanding beyond Bitcoin gain. The price of Bitcoin will remain locked between $16,000 and $17,000. I don't believe Bitcoin will soar like before unless we have a policy, in my opinion. Stablecoin policy could be used instead of Bitcoin policy. Institutions will enter the market once there is police.
Together with the usage of USDC as your stablecoin, these 4 positions give you complete exposure to the cryptocurrency market. There will be an increase in price for those positions. It doesn't imply that Solana or other projects are bad, but if you want to put a core holding into law, those would work well, in my opinion. Despite all the hype surrounding cryptocurrencies, pension plans do not hold any of the real money, which is held in sovereign wealth accounts at a rate of around 70% of the global total. Large investors will purchase Bitcoin if they want to understand the cryptocurrency market. It's interesting to note that Canadians have ETFs with Bitcoin and Ethereum as the underlying assets, but institutions won't purchase them because the compliance department won't let it.
The first cryptocurrency to be regulated will be stablecoin, followed by digital commodities, and everything else will proceed at the rate that Congress allows. Due to this compatibility with the forward of policy, having cryptocurrency in our portfolio is a good idea. It will undoubtedly occur at some point, but if you don't have this asset, you'll have a problem. Both the danger of possessing cryptocurrency and the risk of not owning it are included in the risk. Jamie Dimon dislikes cryptocurrencies for a reason—if they become competitive, his fees for Swiss transfers between nations would suffer.