The crypto bull run is over, but Bitcoin will still flourish – Mark Moss

According to Mark Moss, host of The Mark Moss Show and CEO of Market Disruptor, the crypto sector will never see a bull run again with the arrival of regulation to curb the industry. However, he argued that this would not affect Bitcoin, which he called a “decentralized revolution” in technology.

Central to Moss’s thesis is that once new cryptocurrencies are regulated, venture capital funds will have to lock up new coins for “seven to 10 years” instead of raising them and then dumping them before the price crashes. This “pump and dump” scheme has been behind many crypto markets, including the rise in the price of FTT, FTX’s native token.

The collapse of FTX, once the world’s third-largest cryptocurrency by trading volume, has fueled calls for cryptocurrency regulation. This could affect venture capital funds, which treat cryptocurrency projects as unregulated entities without subjecting them to the long holding period typically required.

In addition, Moss explained that many coins will be regulated as securities, which will require crypto projects to deal with disclosure.

“Imagine Ethereum going through full disclosure,” Moss said. “Who created the token?… How many [tokens] controlled by insiders? What is the connection between the Ethereum Foundation, Joseph Lubin and Vitalik Buterin? Who controls the tokens in The Merge lockup?… I can’t imagine they want to. [go through full disclosure].”

Countering the argument that the US will migrate offshore to more regulatory jurisdictions if cryptocurrency projects are more heavily regulated, Moss argues that small markets will not bring in large capital.

“Of course, the SEC is cracking down and [crypto] it goes offshore … it goes to some small jurisdiction,” he explained. “But American venture capital firms cannot bypass US regulations to try to invest in these small dark markets. I’m sure he’ll move to another country… but the money won’t go with him, which drives the entire market cap.”

Moss spoke with Michelle Makori, Editor-in-Chief and Editor-in-Chief of Kitco News.

Bitcoin survives

Moss predicts that Crypto Winter will not affect Bitcoin in the long term, claiming that it is a “technological revolution that will change the course of humanity and move financial markets.”

“Bitcoin solves a problem that has plagued humanity since day one, which is how do I secure my property so that it cannot be manipulated, seized or stolen? He said. “I can be given custody [Bitcoin] If I want to send it to you, no one can stop, block or prevent it.”

He suggested that because the “US dollar is not a good store of value,” people would use Bitcoin as an inflation hedge, leading to an increase in demand for Bitcoin.

“If there are more people who want to buy Bitcoin, there is more demand for Bitcoin, but the supply is limited to 21 million,” he said. “The price will go up”

By the end of 2023, the price of bitcoin is likely to be around $33,000 to $38,000. “I expect Bitcoin to probably double from here by the end of next year,” Moss said.

Watch the video above to learn Moss’ Bitcoin price prediction for 2030

Was FTX a “controlled demolition”?

Moss speculated that the recent collapse of FTX, once the third largest cryptocurrency exchange by trading volume, was a “controlled demolition” by Deep State operatives to bring down the crypto industry.

While admitting there was no “smoking gun” to prove his theory, FTX founder Sam Bankman-Friend, also known as SBF, said there were “a lot of coincidences” around.

“[SBF’s] father actually wrote the law for Elizabeth Warren, who happened to be one [proposing] The new Digital Assets Anti-Money Laundering Act, and his dad wrote a lot of documents about why we should get rid of money,” he said. “His parents are collectively packers, meaning they’re in Silicon Valley, they meet up with friends and pool money together to donate to Super PACs. [political action committees].”

Moss also pointed to SBF’s aunt Linda Fried, who says she “works for the World Economic Forum,” and “Johns Hopkins University.” [Event] In 2019, it was, as some claimed, a simulation of the COVID pandemic. “You have this deep bond with your family ties [SBF’s] his brother, his aunt, the World Economic Forum, Johns Hopkins University, the pandemic, his parents, bundlers and it goes on,” he said.

He added: “When there are so many coincidences, there has to be something there. As they say, where there’s smoke there’s fire… we don’t have guns here, but we have very strange coincidences.”

Watch the video above to find out how Moss expects the SEC and CFTC to regulate cryptocurrency

Follow Michelle Makori on Twitter: @MichelleMakori

Follow Kitco News on Twitter: @KitcoNewsNOW

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