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Barry Silbert stated that U.S.-based crypto companies would generate ~$10 billion of revenue this year.
For clarity, Digital Currency Group backs more than 160 companies in the crypto space, investing directly in Bitcoin and other digital assets.
In the past, Silbert stated that privacy tech would be an essential draw for investors. He acknowledged that it would be a very popular investing theme. He has expressed his excitement about Zcash and Horizen’s Zen, the two important privacy coins.
Regulators are now beginning to wrestle with the privacy factor in the cryptocurrency space. Bitcoin is booming, and the craze for NFTs is at its peak like never before. Privacy will continue to be the target of regulators through policy-making attempts. And there are no easy answers that privacy lovers will want to share with regulators at all. Exciting and troubling times will haunt the cryptocurrency space.
Recently Silbert stated, Bitcoin is such a fantastic hedge for all of the bullshit happening in the world today.
The community response was like: Bitcoin is such a fantastic hedge for all of the bullshit happening in the world today.
Indeed it is. Barry, you said a few days back that all the Altcoins are way overpriced. Do you still think the same way?
Some felt altcoins would create generational wealth. Gold will always be the most trusted store of value. Let’s all make money and spend wisely.
If you’ve commented, tomorrow BTC and other Altcoins will start to fall. Because every time you say something positive, BTC drops.
Bitcoin has been marching block after block with China FUD, Hashrate FUD, Elon/Tesla FUD, Tether FUD, Binance FUD, Amazon FUD, Warren FUD, Stables regulation FUD.
This only proves one thing about Bitcoin: it is anti-fragile, and it survives and thrives. You don’t have to be an embarrassingly cringe maxi cheering on the destruction of global finance. Instead, you need to recognize the baked-in scarcity of the greatest appreciating asset in history.
Of note, Senator Warren called out the crypto community as “Shadowy Super Coders,” and immediately, the community rallied against her and turned this positive. So perhaps next time, politicians might not dare to mention.
BTC is a hedge against nothing. It’s a line of code that went from 1 penny to $66,000 because it got hijacked by a few Billionaires. It’s nothing more than legalized gambling for the richest pricks on the planet.
