The fun times are over.
Everything will be regulated out of existence. Crypto will go into the dark ages of the internet where digital currency is only transacted anonymously in the peer-to-peer shadows and on decentralized exchanges.
There was never a future for digital assets, it was a one-time sensation, a scam, a Ponzi. It deserved to be regulated to death…is the reaction, of course, that dummies are having.
In reality, the short-term effects of these proposed regulations are going well, but in the long run, this is the first step towards widdling down the ecosystem as a whole. Here’s my immediate takeaway:
- Bitcoin = Mostly unchanged
- Ethereum = Moderately regulated due to DeFi
- Rest of the Market = Hunger Games with only a few survivors
Crypto is on the cusp of going completely mainstream, but everything won’t come along for the ride.
Here are the top projects, other than Bitcoin and Ethereum, that will be impacted most in the upcoming months.