to be regulated as securities i think that the marketplace is waiting to see what those expectations will be and i think it's pretty clear that um the writing is on the wall with regard to crypto exchanges right the sec wants them to be to abide by the principles and the rules of national securities exchanges and they've said that in the spot etf denial letter that they wrote on and on several occasions so i think the regulation is coming to the exchanges i think regulation is coming to security tok to the crypto security tokens i think it's i think that with regard to stable coins this is going to be a good thing right now the the stable coin market is maybe NUMBER_TOKEN billion dollars all in it's grown dramatically but the truth is there's a demand for trillions of dollars of us dollar stable coins and the reason that that entire market hasn't grown by an order of magnitude is because companies like amazon and microsoft and government agencies aren't going to move billions of dollars of stable coins around unless they feel comfortable the treasury and the administration endorses them and when we see fdic-approved banks when you see a jp morgan issue a stable coin you may see a trillion dollars worth of that and let me just characterize the in the entire movement this is a rotation from an entrepreneurial driven industry to an institutionally driven industry and we're sitting at this point where we're crossing the chasm and the question is which end which entrepreneurs will be institutionalized and come public and and get the appropriate regulatory licenses which existing institutions will choose to enter the market which banks like the silvergate banks of the world will enter the market and then um there will be a shakeout and obviously NUMBER_TOKEN NUMBER_TOKEN crypto currencies are not going to be around here in a decade you're going to see many of these things go away as the industry shakes out and as it matures top three tips for people who want to get into crypto but don't know where to start you you know you should educate yourself first and uh and you shouldn't really do anything and until you have a firm conviction then uh do your diligence be very uh thoughtful about which uh vendors that you work with and and uh how you move forward and then third take a long uh a long time horizon bitcoin is digital property digital energy or digital gold you have to pick one bitcoin is digital energy and it is the future of the internet web NUMBER_TOKEN or NUMBER_TOKEN what do you think i think uh you know they're all marketing phrases if you actually put a layer of digital energy or in this case wrap satoshi's around your persona as you navigate through cyberspace you can completely eliminate all the things that plague us in the internet the next internet the next version the internet is a layer of digital energy wrapped around digital information microstrategy currently holds over a hundred thousand bitcoin which is why many may disregard sailors unflinching support for the coin even as it continues to tank you think it's time to buy the dip and hold on for dear life or sell to institutional players who are looking to get in cheap please share your thoughts in the comments section below also remember to hit the like button subscribe to the channel and turn on post notifications
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