Messari CEO: A New Wave of Crypto Regulation May Be Coming
Editor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), reprinted by Odaily with authorization.
Editor's Note: This article comes from
Cointelegraph Chinese (ID: CointelegraphChina)Cointelegraph Chinese (ID: CointelegraphChina), reprinted by Odaily with authorization.
Messari CEO and founder Ryan Selkis said regulators may view the cryptocurrency's recent growth as a problem.
SelkisThursdaywrote on twitter: “I’ve never been so bullish on cryptocurrencies, but I think everyone may be misjudging global regulatory risk.”
“When a cryptocurrency looks like a toy, it’s not a threat. When a stablecoin reaches PayPal’s transaction volume and goes private, it starts to look like a weapon.”In the months since falling below $4,000 in March 2020, the price of Bitcoin has surpassed $60,000. DeFi assets have also surged over the past year or so. Yearn.finance (YFI) never traded below $1,000, according to CoinMarketCaprose to more than $48,000
. The current industry craze for NFTs may be the most frenzied of them all — an artist named Beeple recently sold an NFT artwork at auction for $69 million.Selkis noted that his bitcoin price target is the price at which people think they can exit profitably, relative to regulatory concerns. “I set an $80,000 sell order ahead of time,” he tweeted. In another tweetrespondedOne comment he originally posted: "$8-10k sell 5%, $100-125k sell another 5%." He added: "then we'll see how things go."During the last crypto boom in 2017, initial coin offerings (ICOs) were a big deal. Over the next few years,US regulatorStrengthened governance of the crypto industry,
