Top-tier experts continue to be enthusiastic on the long-term prospects of digital assets despite patchy market movement and intense regulatory repression. Ram Ahluwalia, CEO of Lumida Wealth, highlights the merits of the BlackRock Bitcoin Spot ETF application as well as why certain negative triggers may have already been factored in.
“Ten reasons to be bullish on digital assets”: Seasoned expert shares optimism
Ahluwalia, the CEO of the SEC-registered, digital assets-focused company Lumida Wealth, released a thread in which she outlined the top ten causes for her current enthusiasm. His thread from today suggests that we shouldn’t exaggerate the impact of authorities’ opposition to digital currency.
The highest performing asset class “year-to-day” is Bitcoin (BTC), despite the fact that pessimistic attitude is overwhelmingly prevalent, according to him.
The U.S. SEC and Department of Justice’s regulatory assaults on Binance (BNB) were previously “priced in,” therefore they shouldn’t be viewed as “black swans.” Additionally, even though the watchdog may still reject BlackRock’s most recent application, the Bitcoin Spot ETF will undoubtedly be approved.
Nevertheless, since it opens the door for placing financial assets on-chain, the hypothetical BlackRock ETF is a great example of how tokenization might be used. Ahluwalia emphasises that all regulatory difficulties relating to cryptocurrency will be permanently resolved in a few years.
Healthiest crypto rally approaches
For long-term investors, this is why the “under-owned” nature of digital assets creates ideal accumulation possibilities.
The impending increase appears “healthier” to the expert since there are more options to participate in the crypto rally. Along with NFTs and on-chain games, tokenization will be the name of the game.
Additionally, greater worldwide competition is a result of U.S. officials’ anti-crypto campaigns. He said businesses from Singapore, Japan, the EU, Hong Kong, and other places will lead the next rally.
However, this animosity is also intended to make the sphere “clearer and sturdier.”
