Bitcoin OG Willy Woo believes that his more recent investments have the potential for even higher returns than simply holding Bitcoin. Veteran Bitcoiner Willy Woo has done the unthinkable and cashed out most of his stack. Ive sold most of my Bitcoin now, the legendary onchain analyst cheerfully tells Magazine. But what on earth possessed the industrys best-known onchain analyst to give up on the hardest money known to man? Has he gone mad? It turns out that Woo believes he can make more money selling shovels during the gold rush, than buying gold, with most of the proceeds of his Bitcoin sales reinvested into Bitcoin infrastructure. The co-founder of crypto quant fund Crest explains that Bitcoins market capitalization is around $2 trillion, which means it probably has at best 50x growth to $100 trillion, which he believes will be near the ceiling. Woos thesis is that early-stage Bitcoin startups have the potential for even better returns from here on in. If you were to look at a Bitcoin venture, youve got, yo...
The EU’s MiCA regulation surprised some doubters as major crypto exchanges lined up to get licenses. Despite initial concerns about its effect on the European crypto industry, the Markets in Crypto-Assets (MiCA) regulation is proving a benefit to crypto customers and exchanges alike. The EU’s first regulatory package concerning cryptocurrencies has been in effect for almost 200 days, and since then, a number of prominent exchanges has set up operations on the continent. In its first two quarters of operation, MiCA has shirked critics’ expectations that it would “destroy” the European crypto industry by overburdening exchanges with regulations and requiring users to identify themselves to stay on regulated platforms. Read more
Citizenship and residency via crypto are now possible in countries like Vanuatu, El Salvador and Portugal, with investment requirements ranging from $100,000 to $1 million. Vanuatu is one of the fastest countries to offer citizenship, with crypto accepted through licensed agents. Dominica and Saint Lucia offer Caribbean citizenship in months using crypto converted via trusted agencies. Portugal offers EU residency and a path to citizenship through crypto-linked investment funds. Read more