Crypto

[Hectorplains]

Ready for the next bull run?

As the economy and macro environment has stabilised another remarkable feat has occurred in the digital assets space: the death-spiral that characterised 2022 stopped spinning. As I wrote at the end of last year a reset would occur, and from the ashes of FTX a firmer foundation would emerge which would drive digital asset prices into their next bull market.

We believe that time is now.
Long duration

Make no mistake, even as the space was being attacked on all sides the digitisation of assets in both private and open networks has continued.

Leading financial institutions such as BNY Mellon, JPMorgan, CME, and Goldman Sachs have continued to invest to build the plumbing for digital assets and utilise blockchain technology for efficiency gains.

Decentralised exchanges continue to function exactly as designed and centralised exchanges have been racing to provide more transparency to
become trusted on-ramps for investors.

A stable macro environment combined with the cessation of bad news in the digital asset ecosystem has provided the platform that digital assets have needed to start 2023 well. This year Bitcoin is up approximately 50 per cent and Ethereum is up approximately 40 per cent.

Behaviour indicators have shown longer term investors (HODLers) have been accumulating Bitcoin versus short-term traders looking to take quick profits. And supply dynamics are also becoming more positive as we approach the next Bitcoin halving in 2024 and Ethereum supply becomes increasingly deflationary.

The biggest risk, and paradoxically the biggest potential upside catalyst, for digital assets remains regulation, with the US SEC throwing cease-and-desist notices around like confetti, while other jurisdictions openly court the sector, such as the UK.

[Crackity]

Ready for the next bull run?

As the economy and macro environment has stabilised another remarkable feat has occurred in the digital assets space: the death-spiral that characterised 2022 stopped spinning. As I wrote at the end of last year a reset would occur, and from the ashes of FTX a firmer foundation would emerge which would drive digital asset prices into their next bull market.

We believe that time is now.
Long duration

Make no mistake, even as the space was being attacked on all sides the digitisation of assets in both private and open networks has continued.

Leading financial institutions such as BNY Mellon, JPMorgan, CME, and Goldman Sachs have continued to invest to build the plumbing for digital assets and utilise blockchain technology for efficiency gains.

Decentralised exchanges continue to function exactly as designed and centralised exchanges have been racing to provide more transparency to
become trusted on-ramps for investors.

A stable macro environment combined with the cessation of bad news in the digital asset ecosystem has provided the platform that digital assets have needed to start 2023 well. This year Bitcoin is up approximately 50 per cent and Ethereum is up approximately 40 per cent.

Behaviour indicators have shown longer term investors (HODLers) have been accumulating Bitcoin versus short-term traders looking to take quick profits. And supply dynamics are also becoming more positive as we approach the next Bitcoin halving in 2024 and Ethereum supply becomes increasingly deflationary.

The biggest risk, and paradoxically the biggest potential upside catalyst, for digital assets remains regulation, with the US SEC throwing cease-and-desist notices around like confetti, while other jurisdictions openly court the sector, such as the UK.

Bitcoin seems to have a good correlation to 'risk on' for US stocks

[KW]

Bitcoin seems to have a good correlation to 'risk on' for US stocks

Thats what I use it for.

[kiwi2007]

Customers desperate as Auckland-based crypto exchange Dasset denies access to their funds: A mother of two is desperate after losing access to $40,000 in crypto; others have thousands trapped.

[Onemootpoint]

Customers desperate as Auckland-based crypto exchange Dasset denies access to their funds: A mother of two is desperate after losing access to $40,000 in crypto; others have thousands trapped.

Have those people stored their crypto at the exchange rather than a secure wallet?

[BlackPeter]

Customers desperate as Auckland-based crypto exchange Dasset denies access to their funds: A mother of two is desperate after losing access to $40,000 in crypto; others have thousands trapped.

Hard to understand that there are still people around who put money into crypto and expect to get this money back.

No regulation, no security, no oversight and many of the major players in Crypto (like criminals trying to hide their wealth and transactions, drug dealers, black mailers and obviously the kaputt state players like Russia and North Korea) make a significant loss of any investment in crypto quite likely.

Probably not before time to teach in NZ schools something about financial literacy ...