Good piece from Raoul https://www.realvision.com/issues/r...ial&utm_campaign=2021127_Crypto_MR_TW_W1_LINK
Retail brokerages are banning traders from trading GME and AMC, meanwhile DeFi exchanges run 24/7 and everyone is welcome. Brokers are screwed, DeFi will eat them for lunch
Gotta love crypto, within days FTX has a future that is a basket of WallStreetBets securities/coins for people to bet in
Ray Dalio opening a crypto fund And another bear throws the towel. One by one the legends are joining the trade
Bought a small position in UNI and SUSHI for when the WRB crowd realize that crypto is the casino they are looking for. It can never be shutdown. WRB has over 3M users
If they want to fuck Wall Street, crypto is where it is at. You can fuck the banks, the brokers (that are fucking them right now), hedge funds (decentralized funds are possible in Ethereum), asset managers, etc etc. Sooner or later they will discover this
https://www.cnbc.com/2021/01/28/int...rotect-the-market-says-chairman-peterffy.html Old finance is so shitty that it cant handle people buying a single stock. Bitcoin and Ethereum are also a settlement layer, a way superior settlement layer than old finance has Here is a banker talking about how superior crypto clearing and settlement is to old finance https://www.realvision.com/shows/th...caitlin-long-bitcoin-the-future-of-regulation If the old financial system cant handle people buying a stock, its not a system, its a house of cards
Marijuana is illegal at the Federal level, but legal at the state level in many US states. Wyoming (according to Caitlin Long from the above video) wants to be the crypto capital of the US. The fact that US states have so much leeway on what they can do, makes me think that it would be pretty darn hard for the US to ban crypto. So many states would revolt, so many business would move to crypto friendly states, etc. Regulation? Yes. Bans? No