A Tether Blowup Would Add to Crypto Meltdown: Ripple, Not Bitcoin, Is The Solution

"We are close to having some foundational regulation for the [crypto] space that haven't had up until now," claims Bradley Kimes, founder of Digital Perspectives. "We are in that moment before real regulation," he tells our Daniela Cambone and underscores how critical the next few months are for the future of cryptocurrencies. "Tether has been operating as a private U.S. dollar and I have to believe that's a problem," Kimes asserts. Bitcoin is equivalent to the first cell phone, "and no one is using the first cell phone today," he continues, saying that the crypto leader could face massive price action pullback based on its exposed use case. Kimes details the Ripple-SEC lawsuit currently taking place and why the SEC's case is, "completely contradictory." He concludes by encouraging investors to, "throw the word cryptocurrency in the garbage," and look the space as, "new payment networks."

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Chapters:

00:00 Thoughts on the crypto ice age
2:56 What will crypto prices look like when the SEC comes after USDT?
03:47 Outlook for Tether
4:52 How far away are we from "foundational regulation" for crypto?
5:54 What happens if Coinbase goes bankrupt?
7:32 Are you still a believer in the space?
9:14 What’s the issue with bitcoin?
10:39 Thoughts on Ethereum
12:46 SEC sues Ripple... what happens next?
15:13 SEC sues Ripple while allowing Coinbase IPO
16:06 How do investors approach crypto?
17:54 Three coins that Bradley prefers
18:59 How is your portfolio shaped currently?
20:10 Is it too soon to say bitcoin is not a hedge against inflation?