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Message: <blockquote data-quote="Dheepa" data-source="post: 64770" data-attributes="member: 1572">Hi guys, just wanted to kick off the discussion on this article with some of my thoughts. [USER=5063]@Jacob Miller[/USER] will be adding to this later today with some of his own views. The point of these discussions is for us all to bounce ideas off of one another and help each other develop more well rounded opinions so please feel free to agree with us, disagree with us and add any of your own thoughts!For me, the sudden interest in Bitcoin, Dogecoin and any other crypto asset you can think of makes the most sense if you keep in mind that the interest was fuelled by the anti-establishment rhetoric underlying the Gamestop/Reddit saga. When Robinhood first shutdown the buying of Gamestop shares, people understandably became outraged that institutions could gate-keep the stock market from the average retail investor in such a way. A few days later, Elon Musk then took to twitter to tweet that Dogecoin was "the people’s crypto". I view both these issues as being linked because if low cost retail trading is indeed helping to “democratise” the financial markets as some argue, then the next logical step is a greater focus on cryptocurrency because it is the paradigm of financial decentralisation.A key issue you’d need to be able to debate in an interview is whether you view the raised Bitcoin prices and increased interest from mainstream corporate players as merely a fad or here to stay. Excluding the sudden interest Musk has created in Bitcoin, I view crypto as a long lasting development for several reasons:1. Paypal has already allowed users to buy sell and hold cryptocurrencies and has plans to introduce this to Venmo as well.2. The EU has plans to introduce regulation i.e. the Markets in Crypto-assets regulation.3. Blackstone has publicly voiced out that it will need to start “dabbling” in Bitcoin. The investment community tends to take anything Blackstone says very seriously.While I think some of the traditional pitfalls associated with crypto (for example, the money laundering risk) can be mitigated through better regulation, the series of tweets Elon Musk made that led to a soar in value in Bitcoin betrays that bitcoin’s biggest problem even if accepted into the mainstream will always be its volatility. How would regulators control that volatility while still maintaining the decentralisation that is causing it to gain traction? Conversely, you could also consider what the increased backing of bitcoin means for other crypto assets. Do you think there is more scope for other assets to reach the heights that bitcoin has, or does the interest in bitcoin mean most other cryptocurrencies will be deemed obsolete?</blockquote>

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