of existing infrastructures in hopes of ushering in a revival. If regulation is lacking, it is logical to expect companies to believe that a ‘laissez faire’ scenario is in play and start operating unchecked. There are, however, some positive byproducts that have been extruded from the bitter experiences of 2022.
A positive trend is the general desire of leading countries to strengthen the regulation of cryptocurrencies. MiCA and the Biden Regulationare good starting points, but the increasing de-globalization of the world’s economy is leaving little room for said legal documents to have an all-encompassing force.
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The rate of adoption and real use case is gradually growing, and price will follow eventually.