Frontrun's Hitchhiker's Guide to Crypto

Entry 11: Resurgence of Markets If you read Entry 9, you will understand that crypto needs the right catalysts to move forward into the next "bull run" we kind of have one in the new AI hype. Alone it is not enough to get us to ATH but it gave us a nice jump into the mid $20s. -Another thing that added momentum was that losses were harvested in December and the new year brought investors in with more cash than normal, ready to buy that get eaten by inflation AI though will not be the White knight that saves crypto. It can easily fall flat like the "metaverse" trend and its applications are not yet as clear (metaverse made sense economically, digital world + digital money) A big thing to watch is the bankroll of retail. Coming out of 2020 Americans were saving 30% of their paychecks, money they used to pump into Crypto. Currently, they only have 3% leftover, not much for shaky investments. The money will have to come from institutions The issue here is regulation in the United States is going the wrong way 🏦Banking- The ghost ban of major banks dealing in crypto platforms has caused the industry to use smaller, riskier houses (ie Silvergate) 👜Custody- Institutions are not allowed to custody of their own assets and have to rely on others to hold their coins. These holders are being targeted to the max, and few are left in the space 💵Stables: Paxos is the most legit issuer with transparent reserve reports but they are being investigated to death. BUSD ate it. Securities: Maybe the most important. SEC is regulating through arbitrary enforcement. Digital monkeys are being scrutinized as if it were Microsoft stock. American projects cannot raise money without fear of a SEC injunction. This will have to change for the next bullrun, US is under pressure to so it doesn't lose the digital space to the East. Keep an eye here. In my opinion BTC saw its low for the current phase, it will slowly build forward until the next catalysts are in