Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)
The DC movieverse is like the crypto industry. There is a lack of connective tissue that unites their good (but not great) stories.
It leaves fans wanting more. Each movie feels stranded and it doesn’t encourage us to invest the time and more importantly money in other flicks.
Domestic box office receipts for the Flash look disappointing so far. Maybe international receipts and home releases will help nullify the financial damage.
Competition from the Marvel Cinematic Universe (MCU) might help the competitive juices to flow.
The crypto industry needs to act more like the MCU.
Imagine if the crypto industry banded together to take down Gensler!
I wish I had a time stone, or access to the speed force to travel through time.
Imagine all the trippy alternate endings we could make for the crypto industry!
Troll: Buuut Panda!, you might create a new multiverse!
Panda: Not if we don’t touch anything. Wow your Granny was a hottie back in the day maybe we can see her!
Troll: Look Panda, there’s a vintage dirty magazine through that time portal!
Panda: I wouldn’t touch that if I were you!
Troll’s Granny: Oh look Troll you found an old copy of the magazines I used to pose for! But why are the pages stuck together?
Panda & Troll: Aagh!
The crypto industry is perfectly capable of imploding itself.
There’s plenty of “Maxis” fighting for market share. Then you have incompetent, overleveraged CeFi operators losing user funds.
Then you have an endless amount of grifters and scammers feeding on the rotting crypto carcass.
Now you have Gensler and friends ready to plunge the final stake in the heart of the US crypto industry.
I never thought the US crypto industry would crumble like this
Amazing what a few vindictive bureaucrats can do to an entire industry
But at least the proposed Blackrock Bitcoin ETF MIGHT get approved. But probably not one the first try.
The SEC might drag their feet and come up with some lame excuse again.
Even if it does get approved why would people pay a management fee to hold it in a brokerage account?!?
Keep you satoshis in a self custody option!
At least COINBASE is fighting back.
It’s also good to see Ryan Selkis getting political.
In a different timeline (multiverse or dimension) maybe the crypto industry could’ve been saved.
The crypto industry as a whole needs to rally and fight bureaucrats like Gensler, and Warren.
Then they can go back to sniping at each other.
There are almost no allies from other industries.
There may be some allies in Congress but so far that’s not enough.
It’s getting to the point where US citizens may be forced to give up their citizenship to seek out greener crypto pastures.
Vote with your feet.
And don’t forget to keep your crypto safe otherwise they will be gone like the Flash!
Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.
Be sharp, stay hungry let’s get that money!
