"Garry Gensler has a bad reputation in the crypto sphere.
Under his leadership, the SEC is suing blockchain platforms and companies, threatening their existence. The regulator fails to establish proper rules for the industry, although it claims the rules are up to date.
The truth is, this 'reboot' will create a more favorable market environment and, most importantly, ease the pressure from the SEC. Retail investors will begin to feel at ease, knowing that the SEC is monitoring the market, which will lead to a trillion-dollar influx into the market.
In 2023, the market value of global stocks exceeded $100 trillion. Today, the market capitalization of the cryptocurrency market is ~$2 trillion. If just 4% of the global stock market transitions to cryptocurrencies, it could triple current prices.
However, to realize this scenario, investors must be confident in cryptocurrencies and not fear that their stablecoins may suddenly depreciate.
Strategy
The decision on how to safeguard your savings in real life is your personal choice. However, if you intend to leave some of your funds in this environment, stablecoins may not be the most reliable option to weather the bear market.
One must be prepared for possible collapses.
In the event of unforeseen circumstances, it is wise to quickly convert your stablecoins into hard assets.
$BTC and $ETH are safe choices here.
However, there is significant uncertainty regarding other options. For some, the optimal strategy may be to invest in bitcoin and wait.
It is expected that the volatility and growth of Bitcoin will decrease, while Ethereum remains a safe choice with higher potential returns.
Essentially, apart from $BTC, $ETH is the most decentralized and secure network. I believe that an ETF on ETH will eventually be approved, which will increase trust in this asset.
Considering that many projects may fail due to regulatory issues, investing in altcoins before these issues are resolved is risky.
However, when these obstacles are overcome and it becomes clear which projects will survive, investing ETH in promising altcoins at the market's low point can be a significant opportunity.
$XRP - Potential Leader
Although it may seem crazy to some, I have a feeling that $XRP may demonstrate stability in the future. I am confident that years of ongoing legal battles are not in vain.
And I think that when all issues are resolved and agreements are reached with regulators, $XRP has the potential to lead in both bear and bull markets.
It's worth noting.
I think you understand my point and may be disappointed reading this.
Perhaps you believe in decentralization and think that the SEC will never intervene in cryptocurrencies, or maybe you consider stablecoins absolutely safe. However, it is important to remember that over 80% of people ultimately lose money in the market."
