Ten Bullish Crypto Theses Indicated by Lumida Wealth CEO

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Vladislav Sopov

Wall Street veteran and “crypto CFA” Ram Ahluwalia shares an impressive list of his 10 reasons to remain bullish on digital assets in July 2023

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“Ten Reasons to Be Bullish on Digital Assets”: A Seasoned Expert Shares His OptimismThe Soundest Crypto Rally Approaches

Despite weak price action and an aggressive regulatory crackdown, top experts remain optimistic about the long-term prospects for digital assets. Lumida Wealth CEO Ram Ahluwalia explains why some bearish triggers might already be embedded and what makes the BlackRock Bitcoin Spot ETF app special.

“Ten Reasons to Be Bullish on Digital Assets”: A Seasoned Expert Shares His Optimism

Ahluwalia, CEO of SEC-registered digital asset firm Lumida Wealth, shared a thread to go over the top 10 reasons to be excited about digital assets right now. According to his thread today, the effects of regulators’ hostility to digital currencies should not be overstated.

First, he points out that Bitcoin (BTC) is the best performing asset class “year over year” despite the general dominance of bearish sentiment.

The regulatory attacks against Binance (BNB) by the SEC and the United States Department of Justice were already “accounted for” and therefore should not be treated as “black swans”. Additionally, Bitcoin Spot ETF approval is inevitable, although BlackRock’s current filing may still be rejected by the watchdog.

Nonetheless, the hypothetical BlackRock ETF is a great use case for tokenization as it paves the way for on-chaining financial assets. In a number of years, all regulatory issues related to cryptocurrencies will be resolved for good, Ahluwalia points out.

The Soundest Crypto Rally Approaches

This is why the “under-owned” status of digital assets opens up perfect accumulation opportunities for long-term investors.

With more opportunities to join the crypto rally, the wave ahead looks “healthier” to the expert. Tokenization will be the name of the game, along with NFTs and on-chain games.

Additionally, anti-crypto attacks by US regulators are leading to increased global competition. The next rally will be driven by companies in Singapore, Japan, EU, Hong Kong, etc., he concludes.

At the same time, this hostility is intended to make the sphere “clearer and more solid”.

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