Crypto is Dead, Long Live Crypto

Banksters have had centuries of practice speaking out of both sides of their mouth, without most people noticing the grimace required to achieve this skill.

Let's take a look at some headlines.

CoinDesk Editorial: It Sure Looks Like the U.S. Is Trying to Kill Crypto

Brian Brooks: U.S. Government Using Crisis to Choke Off Crypto Access to Banks

Crypto Advocates Say Signature Closing Plays Into Operation Chokepoint Rumors

White House Takes Aim at Crypto in Scathing Economic Report

Add dozens of further links within those posts, plus thousands of tweets, and you get the point. US banksters wish to kill crypto. But is that the endgame?

History suggests they just want to steal the goose, and then demand that all geese shall henceforth be registered and controlled.

Citi: Tokenized securities market could reach $4 trillion by 2030

"Almost anything of value can be tokenized," Citi wrote in its March report. The bank forecasts up to $4 trillion in tokenized digital securities and up to $5 trillion of central bank digital currency could be circulating in major economies in the world, half or which could be linked to distributed ledger technology.

BlackRock's Fink says tokenization of asset classes could drive efficiencies in capital markets

So... they like DLT but crypto, as in the current swarm of crypto coins, well... let's see.

Nasdaq Eyes Second Quarter For Launch of Its Crypto Custody Services

Fidelity, Schwab and Citadel Created a Crypto Exchange. Is It Any Good?

BlackRock’s Larry Fink Excited About The Future Of Cryptocurrencies And Digital Assets

And here is precisely what I was about to say...

Crypto podcaster Tony Edward noted that NASDAQ’s move showed that “the attack on crypto is to allow the TradFi incumbents to come in and takeover.”

That's the bankster scam!

So, what to do? They want all the money for themselves. The poor "retail investors" will be at the bottom of the pile, subjected to a slurry of fees, to pay for their own protection from ever becoming wealthy. Having said that, Fidelity has opened up limited crypto trading to retail clients, but only within their custodial accounts and without, so far, being able to transfer to another wallet.

It remains unclear to me whether the banksters see value in any of the existing crypto coins, beyond the tech and algos themselves, hence many invest in the dev companies rather than necessarily their coins. Kicking a few naive cryptos in the crutch may make a few others take the knee and accept their modest place in the banksterverse.

The only thing one can do is to keep aware of what is being bought by the big financial corps. Such lists have been around for a few years and haven't changed very much. For a historical parallel, have a look at how the London Stock Exchange started, from the total chaos of trading within coffee houses, to locking the doors and creating the broker as intermediary. Many stocks were total shit, but not all.