“Crypto is DEAD… Here’s Why” Chamath Palihapitiya Latest Crypto Prediction
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It has now been MONTHS since the main US regulatory bodies, including the SEC and CFTC, began an all out war and crackdown on the cryptocurrency industry in the US after the FTX collapse in November. However, despite this, neither the SEC or the CFTC have yet to provide clarity on the regulatory framework for the industry. The lack of clarity is evident in the debates about whether crypto assets such as Ethereum are commodities, securities, or currencies.
The confusion has led to calls for suitable regulation to ensure the growth of the cryptocurrency industry in the US. However, policymakers and regulators seem to be pursuing a pointless, directionless crackdown on everything related to crypto. The blame for the collapse of Silicon Valley Bank and the banking sector crisis has also been misplaced and shifted on the crypto industry.
Canadian-American venture capitalist Chamath Palihapitiya and entrepreneur & investor David Sachs in the latest all in podcast discussed the state of the cryptocurrency industry and why they believe it is now dead in America.
Both Palihapitiya and Sachs believe that the regulatory onslaught by agencies like the SEC has killed the crypto industry in America.Make sure to stick around to the end of the video where they breakdown why they see huge US Crypto companies, such as Coinbase moving to the U.K as they pick up the slack and mismanagement by the U.S.
About Chamath Palihapitiya:
Chamath Palihapitiya is a Canadian-American venture capitalist, engineer, SPAC sponsor and the founder and CEO of Social Capital. Palihapitiya was born in Sri Lanka, and moved to Canada with his family at the age of six. Palihapitiya was an early senior executive at Facebook, working at the company from 2007 to 2011.
Credits: All-In Podcast
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18 Comments
They need something to blame for their own fractional reserve ponzi banking system failing due to their greed & incompetency
I hold high respect for your work mate because you are pointing people In the right direction. If there is one thing I've learned recently is to remain calm especially when it comes to investing in crypto currency. If bitcoin can sustain these recent highs ,it means we are getting a period of some relief rallies across ,markets would be good .The crypto market is unstable and you can't easily tell if it's going bullish or bearish. While myself and colleagues are trading without fear of making losses but profits, others are being patient for the price to sky rocket ,well it all depends on the pattern you follow. I was able to make a lot of profits 28BTC!! when I started at 9BTC by implementing daily trade signals and strategy from Expert CAMELIA_HARPER
clickbait title, lowering your own credibility, still a good piece, AI or your own ?
Actually our banking system and US dollar system is dead. They are on the same plane as our brain dead, career criminal politician, dementia patient president. Teetering on death and confusion. While the rest of the world is moving forward with crypto and precious metals.
How can I make profit because I remember back in 2009 had got sent a letter that this new "crypto" was goona officially launch no lie there was an offer saying that for just a little as $500 can get thousands of BTC
If American horse carriage lobbies had managed to kill the auto industry in America the auto industry would not have died. The automobile would have still eventually been the dominant form of transportation used in America.
Great video and some nice tips! This is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your high conviction stocks or crypto on a discount. Wealth is created during bear markets, not bull markets. If your portfolio is really effecting your mental health then delete the app and go for a walk. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 21` btc from day trading with Boston Weber in few weeks this is one of the best medium to backup your assets incase it goes bearish.
Mrs Maureen the bitcoin trader is legit and her method works like magic I keep on earning every single week with her new strategy
They were using FTX to be the role model for crypto then rug pull them and use them to demolish crypto. BUT because of TWITTER and all those who called FTX for who they were, this kinda saved cryptocurrency. And those that spoke out and got the word into the ears of everyone should be hero’s of crypto
Now almost everything are dead,not just crypto or companies shares. Need be smart and save money but not buy shits and after see how you loosing money. Yes,money now not has value. But when will start good economy years,money will start to has value. If buy shares now..or maybe this company will be in bancrupt soon,so to buy shares is too high risk and to buy shitcoins ,is absolut high risk. Or maybe rich people has different mind? Maybe they buy now every shit and after 5 yewrs they will sell this shit in hold price ? Hm..
..Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places
So where did he say crypto was dead? We don’t need these clickbait titles brooooo🙂
I really appreciate the dedication in each video you post, despite the current market crash, I was able to build a big income stream investing with Mrs Katherine Flores
Maybe Coinbase will be banned from allowing Americans to invest with them.
16:51I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED… CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
I have lost almost half of my portfolio all because of this bear market that has been on for over a year now, I wish for a temporary solution for this dip😥
Thanks for the update. The market seems to be bouncing back but a lot of people lost huge sums already. I Will advice traders especially newbies to have orientation of trading before they get involved in it because the Crypto market has been unstable, forget predictions and start making good profit now because future valuations are all guesses. I must say trading offers more benefits than just holding and i have made over 27btc from day trading with Ryan Donald insights and signals in less than 3 weeks so glad I started his program.
I am from USA where i work as a
journalist until i met Expert Mrs Moraine
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