GREAT 24 HOURS IN THE CRYPTO SPACE

This is been a great 24 hours in the crypto space and a very is moving in the direction we wanted. Of course, not random happen in the markets because markets are driven by individuals and there is already motive why individual are possible thing this move the market. Speaking of the macro, there is a shift in what is taken place. We have gone from a tight monetary policy and that is looking to come to an end. In the same way the market front run the tighten to the downside, they will front the loosening to the upside. It is very interesting that we saw fidelity and Bank of America take position in the Microstrategy. I think they are not buying Microstrategy for Microstrategy, they buying it for there Bitcoin exposure in a regulated manner.

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It is interesting we are getting big players getting interested and gain crypto exposure. It is still very early to be speculation in the crypto market. It has bring future ahead of it, we are see push toward regulations. Regulations are the very things that change the majority of US adult opinion from not been save to been save. Bitcoin is like gold, it is doing a very similar things like gold with this kind of sideways price action. Today and tomorrow is when things are going to be very volatility because of the macro data.

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Regulation of the crypto space is very needed in the US because they are not going to allow all the industry to growth even further unregulated. They will allow big institutions to put money into it, this is why we have seen institution like Bank of America and Fidelity that would probably have referred to buy a Bitcoin ETF it registered actually take shared with Microstrategy gain Bitcoin exposure. There is a lot regulatory merit with the like Signature Bank but you can say this is hypocritical of Signature Bank which is exposed to the traditional finance not crypto necessarily.