I have always thought crypto needs to bide it's time that the old guard who were not pro crypto being replaced by the younger generation. When I say younger I am referring to those under 50 and me being over that age makes me more of an an exception it seems.
I read somewhere that the 24-35 age group has in the region of 40% of those holding various cryptos. As the next generations come into Government roles we shall see a definite pro mood swing towards crypto.
The other upside to the latest US election results is we know the SEC will be losing Gary Gensler and honestly cannot wait to see the back of him. The damage they have done through their blocking strategies with the pretense that it was all about protecting investors when we all know this was not the case.
What I am hoping for now is the US will open up their crypto regulations and allow the US investors to have the freedom we all have in other areas of the world. This will benefit every crypto investor as we shall see new money flow into the markets.
Over the next year we shall see how much the SEC stalled crypto and things are going to open up very quickly. There are reports coming out of China that the US will be setting up a Bitcoin Reserve plus making the US the crypto hot spot or world crypto capital.
Sensible and common sense regulation is desperately required which will protect investors ad grow the entire crypto eco system at the same time. MiCA is meant to go live in Europe with their crypto regulations in January 2025, but to be honest they have been rather quiet lately ad need to check if this has been delayed or not. Sometimes no news is good news and in this case I am not sure.
This I can believe happening especially with Musk on the inner circle of the next government. When you think of innovation and technology you used to always think of the US, but they have kind of lost that label over the last few decades. Crypto is an area where the States has been left behind and this has suppressed innovation and investment.
Crypto desperately needs the US onboard mainly down to the fact they not only have the money, but also the numbers to move the crypto eco system to the next level and beyond. On and off ramps opening up with no previous nonsense we have all witnessed would be a positive change.
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