It’s a nervy time in the crypto sphere, against an unsettled global political backdrop.
We wonder whether regime change would deliver a path to reconciliation between China and Taiwan, and so imbue the former with the global respect to complement its size and influence.
Meanwhile, we weigh in on the argument as to whether bitcoin is a store of value or a means of exchange? It’s quite clearly both, that’s the point of a sound money asset with its own means of communication. Note how it continues to dominate the crypto space.
Wall Street has discovered there’s money to be made from crypto, and it’s not holding back. Expect all sorts of IPOs and a proliferation of holding companies. Oddly it comes at a time when price action in the space is subdued. It probably ends badly, but this time not for bitcoin.
- Technical: High-level consolidation and growing bitcoin dominance
- On-Chain: A store of value or a means of exchange? It’s both.
- Macro: China’s chance to change the Taiwan narrative
- Cryptoverse: The Genius Act and the importance of stablecoins
