Main reasons why the top financial institutions in the United States and around the world are resistant to cryptocurrencies

source:
“”Incumbents are taking the threat that cryptocurrencies represent among others, loss of control, the emergence of a non-regulated environment, market fragmentation, and loss of revenue—very seriously, with leading financial players exploring their own cryptocurrency models.””
Read that over and over until it makes sense…”loss of control” and “loss of revenue“.
It is of my opinion that the reason why Gold & Silver are not already double if not triple the price(s) they are currently is in fact due to the Big Banking Institute’s Hedge Funds shorting the hell out of these commodities on the Forex Market. $AMC & GameStop plays by the Redditt’s WallStreetBets crew was a perfect example of those hedge fund managers losing BILLIONS and the U.S. Securities & Exchange Commission rushing in to wipe the tears away of those that where (for years manipulating the prices of many stocks & commodities) getting caught with their hand in the cookie jar.
So much to the point that they hampered/hindered/screwed-over the retail investor(s) by making some exchanges halt sells/buys of particular/target trades…until those banking institutes had a chance to recoup their funds if they could during the halted platform(s) of the retail investors.
Now, they won’t give up the control, there by which have further influenced the U.S. SEC’s Gary Gensler’s statement to “Regulation through enforcement” while providing ZERO clarity as to ‘how to become legitimate’ in the eyes of the very same entity that is blocking growth in this crypto space. (ref: SEC vs Ripple Lawsuit).
Once the banking institutes realize/learn how they are going to ‘get theirs first’, then they will allow for the cryptospace to grow within the United States.
But ya want to know what I think about it? …. “Blood Must Have Blood”. You cause me pain due to you stifling my financial growth, makes me more and more charged with ensuring that I am invested into those tokens/coins in which I believe to be the valuable digital assets #XRP, #XDC, #XLM, #ADA, #GALA, #AXS, whether they are classified as cryptocurrency: stable coins and/or utility tokens, it makes no never mind to me. I will continue to dollar cost average, because I believe with everything in my being that the U.S. won’t “stop/ban” cryptocurrencies…they are merely slowing it down till they [Big Banking] can “get theirs also”.
This market pullback, whether it’s done or not, will reverse eventually. Ensure that you remain liquid enough (even if it’s only $25, $50 or whatever it is that you have available) to risk/invest while these prices are this low. Too many of the big financial institutes have begun putting a metric ton of money into the metaverse and cryptospace. They will not let this falter now, now that they have started getting into it (slowly but surely). It would be so asinine and ignorant, that I don’t see it happening.

It was reported on CNBC that an estimated 21% of Americans have invested, traded or used cryptocurrencies. I’m having trouble finding the actual source article, however, it was supposedly reported that the U.S. Treasury did a moderately small poll (of estimated 3500 people), learning that about 12% of the population of that poll are even invested into (or even know anything about) cryptocurrency. 12%, that’s it.

Now imagine if you will, what the Market Cap of Crypto will be once 30%, 40%, 60% 90% of the U.S. population starts getting into the crypto/NFT space. About 2yrs ago the crypto market cap was an estimated $250B, towards the Middle of Nov of last year (2021), Crypto Market Cap was at $3T.

In my opinion, that $3T crypto market cap will be like the price of BTC back in 2015, compared to what (IMHO) the crypto market cap will be when 60%-80% of the U.S. population begins to utilize cryptocurrencies. I expect the Crypto Market Cap at that point to reach somewhere around $350T – $500T by the end of this decade. (again, that’s all In My Humble Opinion).