I predict mostly nothing.
They can’t legislate what they don’t understand. And by the time they start to figure out how it works, DeFi will have replaced the world’s banking systems.
They’ll figure out how to regulate centralized exchanges like Coinbase and Crypto.com etc. which I believe is actually a very healthy and good thing for the entire market. It will appeal to more conservative investors like your dad and widen the pool significantly, giving early hodlers a huge return. Such wow.
As far as decentralized finance is concerned, I’m not sure how the government can regulate the market but they’re certainly going to try because it’s gonna level the banking industry as we know it.
The way we store, trade, and transmit value worldwide is quickly becoming accessible to everyone on the planet. I’m forecasting a financial sector tsunami. You can try to ride the wave, get rekt, or both.
I’m compelled to hold on as tight as I can. It feels like I’m a teenager in a mosh pit. The market is trashing my portfolio all over the place but I’ve never felt more exhilarated. Will probably wake up with a few bruises.