WEEKLY CRYPTO ROUNDUP – MARKET CONSOLIDATES, NEXT MOVE JUST AROUND THE CORNER? 

The Unforeseen Revival of Bitcoin Forks: A Mirage or Reality?

Recently, a somewhat unexpected trend has emerged in the realm of digital assets. Bitcoin Cash and Litecoin, both of which are forks of the preeminent cryptocurrency Bitcoin, have demonstrated impressive market performance, hearkening back to the crypto-mania of 2017. The key driving force behind this resurgence appears to be the unveiling of EDX.

EDX is a unique entity in the crypto exchange landscape, primarily due to its backing by such traditional financial giants as Fidelity and Charles Schwab. In a field often dominated by more modern, technology-focused backers, this support from established financial institutions speaks volumes about the growing convergence of traditional finance and digital assets.

The platform’s unique selling proposition is its targeted focus on serving institutional investors, a niche that has been somewhat underserved in the crypto marketplace. Interestingly, EDX has chosen to launch with a carefully selected portfolio of four cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Bitcoin and Ethereum, as consistent market leaders, are unsurprising inclusions. However, the addition of Bitcoin Cash and Litecoin may raise eyebrows given their past volatility.

The reason behind this selection becomes clear when viewed through the lens of regulatory strategy. The U.S. Securities and Exchange Commission (SEC) has a well-established stance on Bitcoin, categorising it as a commodity and thus placing it outside of its direct regulatory control. This classification has also been extended to Bitcoin forks such as Bitcoin Cash and Litecoin. EDX’s decision to include these forks in its offering is an insightful move, designed to adhere to the current regulatory sentiment while catering to the needs of institutional investors. The resurgence of these forks thus seems to be a strategic decision to balance regulatory compliance with investor demand for diverse digital assets.

The Web3 Wave: Democratising the Digital World

Web3, the decentralised iteration of the internet, is no longer a distant vision; it’s an emergent reality redefining digital interaction. This new paradigm is about enabling peer-to-peer (P2P) interactions without the need for intermediaries, democratising access to capital and data, and creating a user-centric digital world.

Numerous cutting-edge projects are making significant strides in this arena. For example, consider the rise of decentralised finance (DeFi) platforms that facilitate P2P lending and borrowing, thereby challenging traditional financial institutions. We are also witnessing the growth of decentralised autonomous organisations (DAOs), where governance and decision-making are distributed among token holders.

Then there’s the realm of NFTs (Non-Fungible Tokens) disrupting the art, music, and gaming industry by allowing creators to monetise their work directly. This new way of interacting with digital content is becoming a game-changer, and we’ve only begun to scratch the surface.

In this evolving landscape, we are pleased to offer our exclusive AUS and AGS digital gold and silver tokens, presenting a unique opportunity for investment. Drawing on the intrinsic value of precious metals and merging this with the agility of blockchain technology, our digital tokens offer a reliable investment option amid the volatile crypto market.

The Emergence of Institutional Capital: A Positive Sign for Crypto Markets

All signs in the crypto world currently point towards the influx of institutional capital. The recent resurgence of Bitcoin forks, largely fuelled by the launch of institutional-focused exchange EDX, suggests that traditional finance giants are increasingly recognising the potential in this market. Moreover, the innovative strides made in the Web3 space continue to draw the interest of established financial entities. This all translates to a rise in institutional money entering the digital asset space, heralding an era of more significant liquidity, maturity, and stability.

The entrance of institutional investors into the crypto market is a positive development for several reasons. First, it implies validation and recognition of the utility and potential of digital assets. Second, the infusion of institutional capital can lead to an increase in the liquidity of the market, which can help reduce price volatility, a common criticism of digital assets. Additionally, it can encourage further research, development, and innovation within the space. Finally, institutional involvement can foster more rigorous regulatory oversight, leading to safer and more secure investment avenues for all investors.

Not Just For Institutions: The Ainslie Advantage

However, while the influx of institutional money is an exciting development, it’s important to remember that the world of digital assets is not exclusive to institutions. Private investors, whether they’re individuals dabbling in the market for the first time or seasoned professionals, have an equally significant role to play.

At Ainslie Crypto, we’re committed to providing an accessible and secure platform for everyone interested in navigating the dynamic world of digital assets. We understand that not everyone is an institutional investor, and we pride ourselves on offering services tailored to ‘mum and dad’ investors and private professionals alike.

We emphasise safety and security in all our services. We understand the importance of trust in the digital asset space and strive to offer an investment experience that is as safe as it is exciting. Through robust security measures and transparent operations, we aim to provide the highest level of confidence to our investors.

Remember to subscribe to this newsletter and follow us on social for regular updates on the dynamic world of blockchain and cryptocurrency. If you’re interested in an easy and personal way to buy/sell/swap cryptocurrency, don’t hesitate to contact us – call 1800 AINSLIE. Our team of friendly consultants are ready to guide you, your company or SMSF through the process, making your cryptocurrency buying journey effortless. We also offer industry-leading crypto custody with minute-by-minute internal audits to guarantee the safety of your assets.