I think it’s a buying opportunity. There was talk yesterday of greater regulation by the US but if you look at the report, it suggests crypto more broadly and looking at some of the currencies that are less established, and how some of the exchanges operate.
But there’s too much legitimacy with bitcoin and perhaps even a couple others. The bitcoin “team” has really professionalized and I think rough regulatory patches will only end up helping it become fully established.
The SEC is reviewing ETF applications - and if those get approved, Katy bar the door. If they don’t, there’s still a market but it will continue to be harder to define.