Blackrock: Friendly Giant or Hostile Takeover of BTC Miners?

In a recent heated exchange, Tom Emmer criticized Gary Gensler for allegedly not acting as an impartial regulator, accusing him of siding with institutions and consolidating power instead of aiding retail investors as mandated. On the flip side, Gensler argues that his actions against the crypto sector aim to punish hucksters, alleging that crypto firms are co-mingling funds which need to be stopped. This episode of Crypto Daily delves into this regulatory tussle and its implications on the crypto landscape.

The crypto market dynamics are ever-evolving. Recent data reveals that more than three-quarters of all Bitcoins are held by long-term hodlers, showcasing a strong belief in the asset's value. However, the increased selling pressure from miners is raising eyebrows. With all-time high hash rates, peak difficulty, and soaring energy prices, miner profitability is under the lens. Moreover, BlackRock's growing stake in BTC miners is becoming a point of concern. Is this a sign of institutional dominance or a necessary evil for market stability?

The age-old battle between Bitcoin and Ethereum takes a new turn as we analyze the price trends of ETH vs BTC. Is this a sign of turning tides? Meanwhile, Coinbase secures a green light to enable futures trading for non-US retail customers, leaving us to ponder if the U.S. is missing out on a significant market evolution. As we venture into uncertain market territories, the importance of capital preservation in a bear market cannot be overstated. We discuss the need for a solid plan to navigate through the bearish tides. Tune in to get a comprehensive understanding of the current crypto dynamics and what it means for retail investors and the market at large.

In This Episode:

• Tom Emmer Hammers Gary Gensler About Not Being an Impartial Regulator. Siding With Institutions and Consolidating His Own Power Over Helping Retail Investors (As Mandated)
• Gary Gensler Argues that His Actions Against Crypto Are to Punish Hucksters. Claims That Crypto Firms Are Co-Mingling Funds and Need to Be Stopped
• More Than 3 Out of Every 4 Bitcoins is Held by Long-Term Hodlers
• Increased Miner Selling Pressure - Is it a Concerning Metric? ATH Hash Rates, Peak Difficulty and Rapidly Rising Energy Prices Impacting Miner Profitability
• BlackRock is Becoming a Concerningly Large Holder in BTC Miners?
• ETH Vs. BTC Price - A Sign of Turning Tides?
• Coinbase Secures Regulatory Approval to Enable Futures Trading for Non-US Retail Customers - Is the U.S. Missing Out?
• Capital Preservation in a Bear Market. Create a Plan

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