Springtime for Crypto Links 04/11/18

Sometimes a really good series of tweets is newsworthy, and this is one of them. The main takeaway is that Bitcoin isn’t a bubble, but rather a response to the existing bubbles in our economy. In other words, if you are worried about being caught up in the Bitcoin bubble, you should maybe be even more concerned about the bubble your fiat is in.

“Wall Street is getting involved.” Goldman is opening a trading desk. Galaxy Investment Partners are up and running. A senior Market Analyst at eToro is talking about Wall Street getting involved right as markets are falling over 50% off of highs. The speculation here was that they “missed the bull run.” Well it’s not hard to see why wall street would sit on the sidelines during an extremely unclear regulatory environment. Speculative utility tokens that released nothing more than marketing materials and pitches aren’t really attractive investments per se. Wall Street is getting involved for sure, and bringing in tons of liquidity, but it will do so on the back of much more secure and product-forward startups, as well as the oncoming wave of security tokens. Again, wall street didn’t miss the game — they’re waiting to play on a better field.

Looks like crypto is having a nice, green day. Nice. Gains are somewhat modest across the board, except for EOS which is going gangbusters. EOS is a great platform for dapps and there are some very exciting projects being built on it right now, which is where a lot of attention should be, instead of the relatively “meh” news of day to day price action on its token, but I’ll take the good news without getting on a soapbox. Whatever the reason, I’m glad to see EOS making some headlines.

Say it with me again….WE NEED BETTER EXCHANGES. Not that Bittrex isn’t one of the not-so-bad ones. But if crypto is going to mature as a sophisticated asset class, we need more sophisticated exchanges upon which to trade the assets. Being unable to handle registrations in large numbers is a bad look.