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$Corsair Gaming (CRSR.US)$ bruh if this new variant hit again, we gonna stay home and game whole day lul why will i sell this stock?
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$Advanced Micro Devices (AMD.US)$ $Cloudflare (NET.US)$ So I asked this question a few months ago and I got some very interesting responses, a lot of AMD, Cloudfare, and things of that nature. All in all people's picks performed very well much to my surprise and I would like to see what everyone likes for the next 10 years, particularly, stocks that have the most upside potential due to an industry being revolutionized or a company you believe is severely undervalued.
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"Regulation is coming to the crypto markets, but it will be a slow, measured process," writes Rosenblatt analyst Sean Horgan in a note summing up the firm's first two discussions with former markets regulators.
Brett Redfearn, former director of Division of Trading & Markets at the SEC and former head of capital markets at $Coinbase (COIN.US)$, and Dorothy DeWitt, former director of the CFTC's Division of Market Oversight and former VP and general counsel for Business Lines and Markets at Coinbase were the first two speakers in a series on cryptocurrency regulation.
Both thought it unlikely that the government would create a new federal regulator for cryptocurrency, as Coinbase has suggested, given that would be the most costly option. Redfearn expects that the SEC may get the mandate due to its sway on Capitol Hill and its investor protection focus.
DeWitt sees the potential for the Treasury and banking regulators overseeing stablecoin, while the SEC or CFTC may get oversight of non-stablecoin areas.
She expects stablecoin issuers will be treated like banks with heavy regulation going forward, given the proposals from the President's Working Group on Financial Markets earlier this month.
Redfearn suggests that larger banks need to delve into adopting crypto assets because of the threat from decentralized finance applications moving finance out of the banks and into the hands of individuals, who are trying to disintermediate banks, Horgan said.
He said that companies resisting regulatory changes may "capture more market share in the short term, but those who are proactive as they anticipate regulation will benefit in the long term," according to Horgan's note. The analyst sees that as benefiting $Robinhood (HOOD.US)$ and a negative for Coinbase, $Tether (USDT.CC)$, and BlockFi.
The two former regulators also discussed the potential for stricter regulations on payment for order flow (PFOF), which would affect stocks like Robinhood and $Virtu Financial (VIRT.US)$.
Redfearn expects crypto PFOF to be handled separately from equity and options PFOF. Most of the focus currently appears to be on equity PFOF; that's a positive for Robinhood, Horgan said, as its revenue from equity PFOF is shrinking as a percentage of its PFOF revenue.
In August, SEC Chairman Gary Gensler said a full ban on PFOF was on the table.
In crypto news today, U.S. banking regulators will focus on custody, trading, stablecoins in crypto sprint
$Bitcoin (BTC.CC)$ $Dogecoin (DOGE.CC)$ $Ethereum (ETH.CC)$
Brett Redfearn, former director of Division of Trading & Markets at the SEC and former head of capital markets at $Coinbase (COIN.US)$, and Dorothy DeWitt, former director of the CFTC's Division of Market Oversight and former VP and general counsel for Business Lines and Markets at Coinbase were the first two speakers in a series on cryptocurrency regulation.
Both thought it unlikely that the government would create a new federal regulator for cryptocurrency, as Coinbase has suggested, given that would be the most costly option. Redfearn expects that the SEC may get the mandate due to its sway on Capitol Hill and its investor protection focus.
DeWitt sees the potential for the Treasury and banking regulators overseeing stablecoin, while the SEC or CFTC may get oversight of non-stablecoin areas.
She expects stablecoin issuers will be treated like banks with heavy regulation going forward, given the proposals from the President's Working Group on Financial Markets earlier this month.
Redfearn suggests that larger banks need to delve into adopting crypto assets because of the threat from decentralized finance applications moving finance out of the banks and into the hands of individuals, who are trying to disintermediate banks, Horgan said.
He said that companies resisting regulatory changes may "capture more market share in the short term, but those who are proactive as they anticipate regulation will benefit in the long term," according to Horgan's note. The analyst sees that as benefiting $Robinhood (HOOD.US)$ and a negative for Coinbase, $Tether (USDT.CC)$, and BlockFi.
The two former regulators also discussed the potential for stricter regulations on payment for order flow (PFOF), which would affect stocks like Robinhood and $Virtu Financial (VIRT.US)$.
Redfearn expects crypto PFOF to be handled separately from equity and options PFOF. Most of the focus currently appears to be on equity PFOF; that's a positive for Robinhood, Horgan said, as its revenue from equity PFOF is shrinking as a percentage of its PFOF revenue.
In August, SEC Chairman Gary Gensler said a full ban on PFOF was on the table.
In crypto news today, U.S. banking regulators will focus on custody, trading, stablecoins in crypto sprint
$Bitcoin (BTC.CC)$ $Dogecoin (DOGE.CC)$ $Ethereum (ETH.CC)$
![Cryptocurrency regulation will be a slow, measured process, Rosenblatt says](https://ussnsimg.moomoo.com/4514066644361204749.jpg/thumb)
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$Phunware (PHUN.US)$ hold hold Winner winner chicken dinner ![]()
$Coinbase (COIN.US)$ $Clover Health (CLOV.US)$ $Pioneer Power Solutions (PPSI.US)$
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Ark Investment Management CEO Cathie Wood says institutional investors support her bullish thesis of bitcoin reaching $500,000 in the next five years.
Speaking Wednesday afternoon during an interview on Barron's, MarketWatch's sister publication, Wood said that if "institutional investors move into bitcoin and allocate 5% of their portfolios," the value of a bitcoin would rise to around $560,000 by 2026, based on current levels, according to ARK's estimates.
The ARK Investment CEO said that the transparency of the bitcoin blockchain network allows users to see that institutional purchases play out almost in real time.
"We can tell it's happening because of on-chain analytics," she said, noting that the unique addresses associated with crypto users of any distributed ledger make it easy to see money change hands.
Wood said that institutions may be convinced to invest in bitcoin because of its low correlation between crypto such as bitcoin and Ether on the Ethereum network and other assets like stocks.
"The correlation is very low," said Wood and if there is a low correlation of returns by investing in crypto "you will be raising returns and lowering risk over time," she said, citing a Cambridge Associates report that made the case for bitcoin as a non-correlated investment. $ProShares Bitcoin Strategy ETF (BITO.US)$ $Coinbase (COIN.US)$ $Marathon Digital (MARA.US)$ $Canaan (CAN.US)$ $Galaxy Digital Holdings Ltd (GLXY.CA)$
Speaking Wednesday afternoon during an interview on Barron's, MarketWatch's sister publication, Wood said that if "institutional investors move into bitcoin and allocate 5% of their portfolios," the value of a bitcoin would rise to around $560,000 by 2026, based on current levels, according to ARK's estimates.
The ARK Investment CEO said that the transparency of the bitcoin blockchain network allows users to see that institutional purchases play out almost in real time.
"We can tell it's happening because of on-chain analytics," she said, noting that the unique addresses associated with crypto users of any distributed ledger make it easy to see money change hands.
Wood said that institutions may be convinced to invest in bitcoin because of its low correlation between crypto such as bitcoin and Ether on the Ethereum network and other assets like stocks.
"The correlation is very low," said Wood and if there is a low correlation of returns by investing in crypto "you will be raising returns and lowering risk over time," she said, citing a Cambridge Associates report that made the case for bitcoin as a non-correlated investment. $ProShares Bitcoin Strategy ETF (BITO.US)$ $Coinbase (COIN.US)$ $Marathon Digital (MARA.US)$ $Canaan (CAN.US)$ $Galaxy Digital Holdings Ltd (GLXY.CA)$
![Cathie Wood says institutional bulls will push bitcoin reaching $500k by 2026](https://ussnsimg.moomoo.com/2256141387776896327.png/thumb)
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$Coinbase (COIN.US)$ Cathie sold so the price will Soar today. Go COIN.... Aim for the mooooon
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$Coinbase (COIN.US)$ like and comments
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