Crypto bull runs are over, but Bitcoin will continue to thrive – Mark Moss

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With regulations coming to restrict the industry, the crypto sector as a whole will never see a bullish move again, according to Mark Moss, host of the Mark Moss Show and CEO of Market Disruptor. However, he claimed that this would not affect Bitcoin, which he called a decentralized technology revolution.

At the heart of Mosss’ thesis, once new crypto companies are regulated, venture capital funds will have to hold them for a 7-10 year lock-up period, instead of creating new coins and throwing them away. before the price crashes. This pump and dump system has been behind many bull markets in crypto, including the soaring price of the native FTT token, FTX.

The collapse of FTX, once the world’s third-largest crypto exchange by trading volume, has accelerated calls for crypto regulation. This could affect venture capital funds, which treated cryptocurrency projects as unregulated entities, without subjecting them to the long holding period generally required.

Additionally, Moss explained that most coins would likely be regulated as securities, which would require crypto projects to engage in disclosure.

Imagine Ethereum in full disclosure, Moss said. Who created the token?… How many [tokens] are controlled by insiders? What is the connection between the Ethereum Foundation, Joseph Lubin and Vitalik Buterin? Who controls the tokens in The Merge lock? …I can’t imagine they would want [go through full disclosure].

Against the argument that under tighter U.S. regulations, crypto projects would simply migrate overseas to more regulatory-friendly jurisdictions, Moss argues that small markets won’t bring in big capital.

Of course, the SEC suppresses and [crypto] goes offshore to a small jurisdiction, he explained. But US venture capital firms cannot circumvent US regulations to try to invest in these small dark markets. So of course it’s going to move to another country but the money won’t go with it, which drags down the whole market capitalization.

Moss spoke with Michelle Makori, senior anchor and editor of Kitco News.

Bitcoin survives

Moss predicts that Crypto Winter will not impact Bitcoin in the very long term, saying it is a technological revolution that is changing the course of humanity and boosting financial markets.

Bitcoin solves a problem that has plagued mankind since day one, namely how do I secure my property so that it cannot be manipulated, seized or stolen? He said. I can have custody of [Bitcoin] and if I want to send it to you, no one can stop it, block it or prevent it.

He suggested that because the US dollar is not a good store of value, people would use Bitcoin as a hedge against inflation, which would lead to continued growth in demand for Bitcoins.

If there are more people who want to buy Bitcoin, there is more demand for Bitcoin but the supply is capped at 21 million, he observed. The price would increase.

The price of Bitcoin by the end of 2023 will most likely reach around $33,000 to $38,000 according to Moss, who said that I would expect Bitcoin to probably double by the end of next year.

For the Mosss 2030 Bitcoin price prediction, watch the video above

Was FTX a controlled demolition?

Moss speculated that the recent collapse of FTX, once the third-largest crypto exchange by trading volume, was a controlled demolition by Deep State agents to bring down the crypto industry.

Although he acknowledged there was no hard evidence to prove his theory, he said there were a lot of coincidences surrounding Sam Bankman-Friend, also known as SBF, the founder from FTX.

[SBFs] father actually wrote the legislation for Elizabeth Warren which, coincidentally, is the one [proposing] a new digital asset anti-money laundering law, and his dad has written several articles about why we need to get rid of cash, he said. Her parents are collectively bundlers, meaning they’re in Silicon Valley, meeting their friends, and raising money together to donate to Super PACs. [political action committees].

Moss also pointed to SBF’s aunt Linda Fried, who he said works for the World Economic Forum, and Johns Hopkins University, who participated in [Event] 201 in 2019, which some say was a simulation of the COVID pandemic. You have this deep connection in the family ties of [SBFs] his brother, his aunt, the World Economic Forum, Johns Hopkins University, the pandemic, his parents, the bundlers, and it goes on, he said.

He added that when there are too many coincidences, there has to be something. As they say, where there’s smoke there’s fire, we don’t have a smoking gun here, but we have a lot of very strange coincidences.

To learn how Moss expects the SEC and CFTC to regulate crypto, watch the video above

Follow Michelle Makori on Twitter: @MichelleMakori

Follow Kitco News on Twitter: @KitcoNewsNOW

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.

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