crypto, and bitcoin mostly, is the backbone of global C2C (criminal-to-criminal) transactions. the largest trans-national criminal groups are often state backed, so sanctions avoidance is a natural fit for exponential growth in crypto.
the reason that mainstream financials, and politicians, want to be involved is to get toll fees on transactions (via exchanges) and possibly custody. having both parties involved lessen chances of KYC and other obstacles. interest in holding crypto for their own investments is mainly for show.
this seems the only use case that has solid evidence.
Why not in Sixty anymore?
Think many of us could learn from 2024 that higher quality cyclicals can still trend down for longer than we initially wanted to believe.
(warning: quasi-rant)
crypto, and bitcoin mostly, is the backbone of global C2C (criminal-to-criminal) transactions. the largest trans-national criminal groups are often state backed, so sanctions avoidance is a natural fit for exponential growth in crypto.
the reason that mainstream financials, and politicians, want to be involved is to get toll fees on transactions (via exchanges) and possibly custody. having both parties involved lessen chances of KYC and other obstacles. interest in holding crypto for their own investments is mainly for show.
this seems the only use case that has solid evidence.
it's a decent year.
Supreme PLC earlier write up from 2022, which led me to investigate and buy myself some shares
https://insiderideas.substack.com/p/supreme-group-plc-sup-on-aim-mcap