The lack of regulatory clarity in the cryptocurrency space is pushing business offshore to less regulated exchanges. Companies like Coinbase, which are already regulated like traditional financial services, need clarity regarding crypto-specific regulations to move forward in the industry.
In this episode, the speaker emphasizes the importance of monitoring one's finances, including knowing where money is being held and investing in things that align with personal beliefs.
CZ from FTX added validity to speculation about their fuel token (FTT) by retweeting it and mentioning that he will take FTT as payment, which is a crucial part of FTX's balance sheet.
Bitcoin is a rapidly growing asset class and is the greatest treasury reserve asset of our lifetime. For corporations with capital or cash flow, investing in Bitcoin can double or improve the value of the company and convert a liability to an asset.
Institutions such as BlackRock and Vanguard have a massive impact on the funding of everything from media to pharmaceuticals and are worth trillions of dollars. To create legacy wealth at this scale, individuals must start thinking big and understand the power of funding and investing over time.