Crypto’s Bullish Case Continues to Build with Slow, Steady Progress
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| By Beth Canova |
Small, fundamental shifts continue to push the regulatory environment firmly into the “pro-crypto” camp.
In the early hours of Friday morning, the U.S. Senate confirmed crypto-friendly lawyer Mike Selig as Commodity Futures Trading Commission Chair.
Now in place, Selig will be able to move forward to build staff, coordinate with other regulators and advance major new rulemakings …
All of which was on pause for most of this year as the department operated without permanent leadership.
This is just the latest brick to be laid in the new road to increased crypto adoption and utilization.
Earlier this week, Mark Gough let you know that the Depository Trust & Clearing Corporation, or DTCC Opened the Door to Tokenized U.S. Securities. And in his update, he lays out the three big tailwinds this move creates for Bitcoin and top performing altcoins.
But the bullishness isn’t just coming from regulators’ slow crawl toward a more welcoming environment.
According to Bob Czeschin, conflict over the Confiscation of Russian Cash Could Send Gold, BTC Ballistic.
It’s not the first time this has happened, either. Sovereign nations don’t react well to the knowledge that their U.S. dollars are not as secure as they’d like to believe. And they tend to swap into stores of value like gold and Bitcoin when reminded of that fact.
Which is why Bob gives you two ways to play this, one for each store of value asset.
But for the strongest bullish case made this week, we’ll have to turn things over to cycles expert Juan Villaverde.
As you know, his Crypto Timing Model has identified the next significant low should hit between late January and mid-February.
Now, Central Bank Liquidity — which leads Bitcoin by 84 days — has confirmed its own low. Forecasting that out, it suggests Bitcoin’s low will hit near Feb. 12.
Just like Juan’s model says.
Why the uptick? Because The Federal Reserve’s Liquidity Train Is en Route.
See, the Fed hasn’t just ended its Quantitative Tightening efforts. It has also quietly resumed its Quantitative Easing program once again.
This time, however, it’s using a different name to steer clear of the political quagmire that comes with a QE announcement.
That said, Juan warns not to expect a rally immediately after that significant low. While it will likely offer a solid entry opportunity, we’ll likely need more time before this new liquidity trickles into the market.
In the meantime, DeFi expert Marija Matić has a strategy to help you through the liquidity drought.
It’s called Collateralized Debt, and it’s a Liquidity Hack That Isn’t Just for the Rich Anymore.
In short, it uses DeFi lending platforms to borrow against the crypto you already own to give you usable capital without selling your position.
There is risk with this approach. But in her update, Marija shows a few steps you can take to even out the risk/reward ratio.
That’s not the only way Marija is helping you stay safe this week. She also raised the alarm about the newest wave of crypto attacks.
And The GhostCall Comes from Inside the House with Crypto’s Latest Scam.
That’s because these hacks don’t just steal your money — it steals your identity and turns you into a weapon that can be used against people you know.
In her update, Marija outlines the scam’s notable characteristics to help you avoid getting caught in a very convincing trap.
But that’s all for this week. Be sure to check your inbox tomorrow for your next Weiss Crypto Daily update.
Best,
Beth Canova
Crypto Managing Editor
