Dan Romero
@dwr.eth
In case you’re wondering what my crypto market astrology is telling me. 1. Bitcoin is the most likely reason the whole market takes off. 2. Seems likely to happen after the current economic chaos (the administration seems determined to force the Fed to cut rates). 3. Independently, crypto legislation seems likely to pass before the midterms. Most likely to benefit from legislation is stablecoins, but still decent chance for security-commodity spectrum for digital assets framework, ie when does something become sufficiently decentralized. 4. The biggest unknown is where are the apps and will they drive use adoption. Stablecoins are mostly infra and would expect the biggest winners to be incumbents with large existing user bases. But there’s clearly opportunities for break out, novel consumer apps that can onboard users to crypto—either explicitly or (more likely) as crypto under the hood.
16 replies
37 recasts
234 reactions
Kenji
@kenjiquest
Crypto legislation for the US will be huge. Most has been stifled with that. If US passes crypto law, my gut feeling is Japan will take a leaf out of US's book and will be doing catch up to get some decent crypto law in Japan as well... as currently it's crippling and promotes no home grown crypto growth. Having two of the top 5 economies being more crypto friendly should help a run. Also, the groundwork of what people are doing in the cryptosphere of simplifying crypto for the masses should help onboard users... examples such as Bankr's common language trading and Warplet's easy wallet integration. World leaders running meme coins however probably did more damage than good though...
0 reply
0 recast
1 reaction