Six cryptocurrencies worth buying to avoid impending regulation
Moonshot opportunities in areas that are likely to be unaffected by regulation
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This article was inspired by a conversation I had with a friend last week. It has to be said he is a bit of a crypto sceptic and it was quickly clear that his stance hasn’t changed when he told me that he was worried about the future of cryptocurrency. He went on to describe why he thought regulation would destroy this emerging technology.
Regulation is on every sane investor’s mind at the moment. Especially with the recent words from the head of the US’s SEC who announced that DeFi should be under his remit.
Much of this talk of regulation however relates to DeFi.
Like my friend, many of us are missing something. What about the world outside DeFi? Yes, DeFi is going to be massive. Even with government crackdowns it will adapt and pivot. DeFi is not going away although there will be some casualties with the biggest, most innovative and more compliant surviving.
But it isn’t all about DeFi. What about the projects with real world uses? The data storage projects, gaming, energy, social networks, transportation, food delivery, ticketing and insurance, to name but a few.
Currently we seem to be mesmerized by everything DeFi from launchpads to yield farming platforms. As a result these markets have become saturated fast. With every man and his dog copying the latest DeFi innovation. That doesn’t seem to happen so much in the world outside DeFi with projects more likely to establish market leading positions. Although that isn’t always the case, with some of the big markets such as insurance and file sharing having attracted a lot of competition.
Regulation isn’t going to affect the file storage, social network, energy transmission and transportation spaces. The worst thing that will happen is we will have to buy tokens as we do securities…