Crypto Regulation spells trouble for Splinterlands?
In this video we answer a question from the community about the Biden administration attempting to regulate Bitcoin, what might this mean for crypto broadly and Splinterlands directly?
We dive into one article which speaks to this topic, and unpack what it says and doesn't say.
In the end, I feel the issue of crypto regulation is a significant concern, but which in the end is part of why crypto is an exciting space today. If crypto was fully regulated, and a common investment, then the volatility would be less, but so too would the opportunity.
Volatility is not a bad word.
The life changing potential of cryptocurrency broadly, and Splinterlands specifically, is a facet of it's volatility. When everyone plays blockchain based video games, the price appreciation will be largely behind us. Just as when Bitcoin is held by 9/10 people, its maximum price increases will be behind us. Regulation will bring more, risk-averse, people into this space, but I don't want to wait till then, because I believe the opportunity is here now, before those masses join me.
As always, thank you for your time and attention, have an amazing day and God bless.
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▶️ 3Speak
As always great insight! And this is definitely a topic to tackle and I hope you are right!
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Thanks bud. I am def confident, but until regulation is behind us doubts will linger, and that is why prices aren't higher now. Risk = opportunity. :D
True, with the prices right now, I can see opportunity.
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Awesome content bro, I agree that mass adoption will make the market alot more stable, which I personally think will take alot of the fun out of Crypto investing haha. We are definitely early and have a long way to go! Let's get our money in before the masses woot woot! :D
I dont believe regulation is going to be a big deal to cryptoassets like bitcoin,eth, sps. Now stable coins on the other hand, are gonna be direct competition to the central bank stable coins which are currently emerging. Those might be targeted. The deal with cryptoassets will be they will be tracked and taxed at every swap in the long run.
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the exchange FTX their CEO supports the Biden administration with the 2nd biggest donation to his campaign at $5Million I think crypto will have a bright future.