The Chief banker of England, Andrew Bailey, at his recent speech on July 10 dedicated to financial services in London, stated that cryptocurrency does not have the signs money.
In his opinion, this is just a kind of speculative asset secured by by venture investors in the form of financial investments in the Web 3 segment, the share of investments in which in the first quarter the current year has significantly decreased compared to the same period last year.
According to a report by K33 Research, with an investment of 13.5 billionIn the 1st quarter of 2022, investments in 2023 amounted to only 2.8 billion US dollars.US dollars. Reduction of about 80%.
These statistics cannot fully indicate a drop in investor interest in the crypto industry. Most likely, this trend is more related to tightening monetary policy of the US Federal Reserve to «green», which causes a natural decrease in demand for all types of assets against the dollar.
It is also necessary to note the high chances of BTC (bitcoin) as a liquid stock instrument on the spot market of EFT funds, due to the recent approval by the US Securities and Exchange Commission (SEC) of this type of trading asset to well-known global companies like Bitwise, VanEck, WisdomTree, Fidelity and Invesco.
This indicates, after all, that if the crypt itself poses some kind of danger to the United States, in the form of an uncontrolled type of asset, the liquidity of which is now formed at the expense of exchanges beyond their control (for example, such as Binance), then as an exchange-traded instrument, in the form of spot EFT funds on cue ball, it turns out – «Always welcome!»
The crypt is not money, but its liquidity will still grow, even if at the expense of the securities market and stock mechanisms.
Cryptocurrency is not money: but liquidity will grow - Somehow!
