TransitNet

Making Sense of the Crypto Market

founder @ TransitNet

Published on Apr 13, 2021

These are unusual times. The stock market is at all time highs, government stimulus and the economic reopening are fueling hiring and growth, and inflation concerns are lurking on the sidelines. 

In the midst of all this, cryptocurrency has taken off. Bitcoin has obviously set new highs, but that's only one part of the rapidly-changing global story:๐Ÿ‘‡

๐Ÿ”น Crypto market cap hovering just below $2 Trillion.

๐Ÿ”น FinCEN Extended the comment period for the anti-money laundering ruling to June 14th, 2021.

๐Ÿ”น Ecuador, China, and Tunisia have adopted their own national cryptocurrency (Russia, and Sweden looking to launch soon).

If you're new to the industry, it can all be a bit overwhelming. ๐Ÿ˜“

And it doesn't help that there are still so many unknowns for investors:

๐Ÿ”ธ What direction will FinCEN move regarding regs?

๐Ÿ”ธ Will western governments issue their own stablecoins?

๐Ÿ”ธ Will the SEC offer any regulatory clarity?

Yes, it's complicated--but don't despair. If you're new to the sector and still trying to understand crypto, I have a resource for you. It's a nice primer for investors and it only takes 5 minutes to scroll through.

Cryptocurrency: Redefining the Future of Finance by Dorothy Neufeld explains (in broad strokes) the value of cryptocurrencies, how they work, and some of the key players involved.

As the crypto ecosystem matures, certain pieces of key infrastructure will need to be created for adoption to further accelerate in different industries. In fact, that's why we're building TransitNet, an off-chain title registry for crypto. We believe that being able to establish title will enable companies, institutional investors, and service providers to utilize crypto.

If you'd like to learn more about our vision, visit TransitNet's WeFunder profile for more information on our company and our funding round. However, the round is almost full, so be sure to check it out now if you're interested in being part of what we're doing at TransitNet!