For years there have been uncertainties over the fate of digital assets especially those built on the decentralized network, Blockchain. The uncertainties weren't a result of how the digital assets would fit into the world but if the governments would support digital assets that are decentralized and transparent.
Many institutions had the desire to be part of the digital asset ecosystem ( Cryptocurrency, NFTs, tokenized real-world assets, etc ) but were burdened by the regulatory implications. However, the few that boldly ventured into this space are now positioned to reap rewards in the years ahead.
Is the Uncertainty Over?
Yes, I believe so.
Firstly, if we look back over the years when digital assets like Cryptocurrency started, how the ecosystem has very few audiences.
If we consider how the digital assets train moved beyond Cryptocurrency ( Fungible tokens) to Non-fungible tokens and tokenization of real-world assets.
If we consider how some countries have made Bitcoin legal tender; how these countries have publicly shown support for Bitcoin.
If we look at how Bitcoin has outperformed many real-world assets and stocks, and lastly, the approval of ETFs, you would agree with me that the victory is not far from being over.
With Donald Trump sitting at the White House for the next four years, together with his support for digital assets in general, and his recent appointment of Paul Atkins to replace outgoing Securities and Exchange Commission Chair Gary Gensler, the digital asset world would be solidified further.
This support for Bitcoin and other cryptocurrencies didn't stop with Donald Trump, Vladimir Putin in an economic forum in Moscow, said that nobody can prohibit the use of Bitcoin and other cryptocurrencies, reported Bloomberg.
For the past 4 years, the crypto world has been bleeding continuously due to wars and the impact of the anti-crypto government, especially in the US which saw many Cryptocurrency exchanges and crypto projects sued. The next four years will be different and will change how digital assets are perceived by those who only look at the dark side of it.
Would there still be regulatory actions on Cryptocurrency activities?
Certainly!!!, it wouldn't be as hostile as it has been in the past four years.
The fact remains that regulation is important to maintain order in a decentralized system.
The rate of project founders taking advantage of investor's trust to enrich themselves has reduced drastically with the regulatory actions that have been applied to founders who were found guilty of such actions.
The future of Digital assets is getting clearer. Those who have believed in the system and positioned themselves very well (investment-wise) would reap the fruit of their labour
