My take on CLARITY - this is a buy
- It is a nothing burger, this is akin to a "macro event caused dip" and honestly crypto's resilience to this looks good. this does feel like one of those macro events where price goes down but fails to clear a key level (alot of them holding out at support) but turns to be a great buying opp in hindsight.
- Dems clearly used it as a political pawn to show that they were never going to let it pass. Which repriced the market lower
- But IMO, we now have breathing room + we never pumped on CLARITY in the first place;
- Good founders and projects will still move forward regardless; as they have for the past 4 years; in any case, especially because they know that they're not gonna get regs anytime soon your options are
A) just stop building in crypto entirely
B) move fast break things like how you've done in the past few years
- think RH chain is very symbolic of that, the Vlad vs AMC CEO debate. AMC CEO is like "nooo this is illegal" and vlad is like "who cares" and i think honestly that's just the best framing
- As such, I'm a buyer at these levels. Also looking at DEX Volumes vs price, you can see RH chain is actually doing incredibly well still - a good sign
- It is a nothing burger, this is akin to a "macro event caused dip" and honestly crypto's resilience to this looks good. this does feel like one of those macro events where price goes down but fails to clear a key level (alot of them holding out at support) but turns to be a great buying opp in hindsight.
- Dems clearly used it as a political pawn to show that they were never going to let it pass. Which repriced the market lower
- But IMO, we now have breathing room + we never pumped on CLARITY in the first place;
- Good founders and projects will still move forward regardless; as they have for the past 4 years; in any case, especially because they know that they're not gonna get regs anytime soon your options are
A) just stop building in crypto entirely
B) move fast break things like how you've done in the past few years
- think RH chain is very symbolic of that, the Vlad vs AMC CEO debate. AMC CEO is like "nooo this is illegal" and vlad is like "who cares" and i think honestly that's just the best framing
- As such, I'm a buyer at these levels. Also looking at DEX Volumes vs price, you can see RH chain is actually doing incredibly well still - a good sign