Crypto sector's bull runs are over, but Bitcoin will still flourish - Mark Moss crypto blockchain bitcoin
With regulation coming in to curtail the industry, the crypto sector as a whole will never again see a bull run, according to Mark Moss, Host of the Mark Moss Show and CEO of Market Disruptor. However, he claimed that this would not affect Bitcoin, which he called a “decentralized revolution” in technology.
Furthermore, Moss explained that most coins would likely be regulated as securities, which would require crypto projects to engage in disclosure. “Sure, the SEC clamps down and [crypto] goes offshore… to some small jurisdiction,” he explained. “But the American venture capital companies can’t skate past U.S. regulations to try to invest in these little obscure markets. So sure, it’ll move to another country… but the money won’t go with it, which drives the entire market cap.
“If there are more people that want to buy Bitcoin, there’s more demand for Bitcoin but the supply is capped at 21 million,” he observed. “The price would go up.” Although he acknowledged that there is “no smoking gun” to prove his theory, he said there are “a lot of coincidences” around Sam Bankman-Friend, also known as SBF, the Founder of FTX.
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