Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.
“But in terms of what we're going to see now with the institutions, I think when we go through the next crypto cycle, and whenever Bitcoin reaches new all-time highs, I think the drawbacks that we'll see are not going to be as severe as what we've seen before,” he said.
“And so this year, or in the next year, as we're looking at it, it'll be interesting to see, will this cycle play out again? Will we reach the levels that some of these models indicate?” he said. “Because I do think that compliance controls in the industry and things like that are going to be much more secure this time around since there was a lot of learnings that happened in 2022.
“What that means now is if I buy Bitcoin for the balance sheet, and Bitcoin goes up in value, I get to show it's reflective appreciation,” he said. “If Bitcoin goes down in value, I have to show it. So you mark the asset at fair value, wherever it's moving in the market.” He added that the recent launch of an on-chain fund by BlackRock has also brought more legitimacy to the ecosystem and is encouraging more firms to explore all that crypto has to offer.
“The big thing people don't think about with RIAs is that as an RIA, you have a fiduciary duty to find the most or the best risk-adjusted return assets in your portfolio,” he said. “And when you look at Bitcoin from a risk-adjusted returns perspective, it's been the best one for years now. So if your RIA is still telling you to not get exposure to Bitcoin, in my opinion, you should fire them because they're not paying attention to this asset, and they should be.
One of the biggest selling points for Solana is the low fee to transact, which has been a major pain point for Ethereum over the years. While the network recently underwent its Dencun upgrade which promised to lower transaction costs, it did so only for layer-two networks like Polygon and Arbitrum, meaning the cost to transact on mainnet Ethereum remains high.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »