BITCOIN RECOGNIZED BY REGULARS
I believe 2023 will be significantly better than this year and that people will remember it as a difficult year. A little impetus will be lost in 2024, and 2025 will see the beginning of widespread institutional adoption. The next bull run will be sparked by an informed market, informed policymakers, informed regulators, and informed media. Terra Luna, Three Arrows Capital, Voyager, Celsius, and FTX are just a few of the publications that have taught us a lot over the past six to nine months, and as a result, it has been an extremely expensive education.
Today's mainstream media coverage of bitcoin is significantly more sophisticated than it was a year ago. The market must mature and become more informed if the cryptocurrency sector is to advance. They lack a thorough understanding of how Bitcoin and Ethereum operate, just like the Senators. The sector is held back when regulators and the general public are unaware of the differences between Bitcoin and Ethereum. In order for the administration to recognize this asset class, crypto casinos must collapse, some crypto tokens must collapse, and unstable altcoins like UST must melt.
In order for bitcoin to be economically healthy, it needs to be issued by a public company that is open about its assets and is then backed by additional risk. Digital commodities are becoming more well known, and the only one that both the head of the CFTC and the chairman of the SEC have declared to be a commodity is Bitcoin. The regulator's recognition of Bitcoin as a digital good is highly intriguing. There are many people today who can easily understand digital commodities and assets. That is a significant advancement for the sector.
Even while the capacity to bribe the establishment has not been totally ended, it has been severely hindered as a result of this crypto complex's implosion. I believe that many decent individuals have had their eyes opened recently and are really interested in doing the right thing for the planet.
Things will be different in the crypto industry this year and we should expect some thing different this year. Thanks for sharing some interesting content.