Cryptocurrency is becoming increasingly boring, which is the price of industry maturity and the side effect of compliant capital taking full control of pricing power.
This is a signal shifting from PvP (Player vs. Player regulation) to GvG (Government vs. Government, competing for crypto pricing power). The nature of regulation has undergone a dramatic change, turning from a brake into an accelerator.
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Cryptocurrency is becoming increasingly boring, which is the price of industry maturity and the side effect of compliant capital taking full control of pricing power.
This is a signal shifting from PvP (Player vs. Player regulation) to GvG (Government vs. Government, competing for crypto pricing power).
The nature of regulation has undergone a dramatic change, turning from a brake into an accelerator.