Mid-June Bi-weekly Crypto Boost

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As the dust settles after years of relentless government orchestrated attacks on the crypto industry, one thing we can now say for certain is: Bitcoin will not be banned in the west. In fact, it is becoming ever clearer that it will be used as a political tool in the upcoming US 2024 Elections.

This is no small feat for a digital currency that was created from a few lines of code less than 15 years ago.

Bitcoin has been heavily tried and test at all levels from wallet hacks, to forks, to direct attacks, to government bans, to ESG claims and more, yet it has stood the test of time.

While all critical risk factors related to the future of Bitcoin adoption have been put to rest, the uncertainty surrounding the government’s posture towards this emerging decentralised technology and its implementation remains.

However, over the past few weeks we have witnessed a turn of events.

Donald Trump was the first candidate to announce he will accept crypto donations.

Yesterday, Donald Trump posted on Truth Social:

“We want all the remaining Bitcoin to be MADE IN THE USA”.

In the wake of the US Bitcoin ETF launch, the recent approval of the imminent Ethereum ETF launch, and now this rather active standpoint from the ex-president has all but put to bed the risks of governments banning digital assets in the west.

This idea may initially seem far-fetched, given the significant progress made in the Bitcoin adoption movement, however, one has to remember that until recently this was indeed a major factor that Bitcoin’s strongest critics used to speak out against its use case as a store of value.

Trump, in his post, then went on to contrast his views on Bitcoin with that of his co-runner for the 2024 election by saying:

“Biden’s hatred of Bitcoin only helps China”.

This is a fascinating posture that Trump has taken in relation his co-runner for presidency.

Biden has remained relatively ambiguous toward the asset class throughout his presidency.

While he has expressed concerns about certain aspects of the market, he has also acknowledged the potential benefits of cryptocurrency and the need for responsible regulation.

However, one could argue that his sentiment has been to stifle development through his administrations slow and outright lack of action.

Biden’s recent moves to veto a bill passed by the Senate to undo a rule that directs companies to mark digital assets as liabilities on their balance sheets led by the SEC’s guidance that, to put it lightly, would discourage banks from holding digital assets.

This action is critical because it empowers the actions of the SEC, where leaders contend that this rule should have gone through the SEC rule-making process and not issued as guidance, which involves less public input.

The SEC has been seeking to spread its regulatory oversight to encompass the crypto asset class which would severely stifle the growth and development of the asset class never mind the clear differences that most coins encompass compared to securities.

Circling back to Biden’s position, this action should be placed into the “against”, or as Trump put it, the “hate” box.

These actions by Trump will most likely place pressure on Biden’s ambiguous position. Trump will make sure of that in the lead up to the elections. As the debates heat up through to the Elections, Biden will have a choice to make.

Is Biden pro or against crypto? And to what extent? Based on what position the President takes in the months to come will give the industry a clearer picture of what to expect for the next presidential term.

What is crystal clear from Trump’s comments yesterday is that if Trump wins the US 2024 elections it will be a boon for the crypto industry.

We recently hosted a webinar where covered ways to capitalise on a digital future. Give it a watch and let us know your feedback: [email protected]

Bitcoin Technical Outlook: The market did indeed retest the $72k level but failed to break it reversing a bullish technical scenario into a more bearish situation. The market then broke $69k support before bouncing off the 50-day moving average ($66k). Lower than expected US CPI numbers yesterday shot the market back up above $69k but just for a few hours before it returned its open at $67.5k. This activity points to further consolidation to slightly bearish signals for the next couple of weeks as the price is likely to remain range bound ($61-70k).

Why SwissOne Capital?

SwissOne offers seamless access in to the Crypto Asset ecosystem via traditional market channels. Offering the Top 50 Crypto Assets momentum-weighted as well as Smart Metaverse strategies, SwissOne brings you direct and sensible exposure to this uncorrelated and high growth asset class. Operating with institutional-grade European financial service providers, there is a safe and secure passage from traditional markets into Crypto Assets.

Contact our team to invest or ask any questions: [email protected] & [email protected]

Top 50 Crypto Performance

(past 30 days-to-date)

Top Research & Articles

Coindesk:?Robinhood to Buy Crypto Exchange Bitstamp in Effort to Expand Outside the U.S. Cointelegraph:?TON flips ETH in daily active users, but that’s not the full picture Cointelegraph:?Coinbase rolls out smart wallet with no gas fees and easy onboarding

COIN FOCUS

JasmyCoin?(JASMY– $0.04; ATH – $4.79)

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WHY

The Internet of Things (IoT) refers to all hardware and devices that contain software and network connectivity that can generate data. Large corporations such as Amazon and Google provide most of the network services today, where we pass considerable amounts of personal data. ? As Japan's first legally compliant crypto, Jasmy has created a blockchain-based IoT platform where data is decentralized and democratized. The platform operates on the principle that any business, organization, or individual can choose how their personal data is viewed, stored, and used.

WHAT

At the core of Jasmy is the Personal Data Locker (PDL). Users attribute their data, such as activity history, to the PDL with the ability to trade and store it like a wallet. Additionally, IoT merchants’ products or services connected to the Jasmy platform will generate and store the data within the PDL. Subsequently, the merchant can securely buy and analyze the data to promote new business. ? The platform's transactions are used with the native utility token JasmyCoin, which incentivizes data sharing and device connectivity. The current circulating supply of JasmyCoin is 48.419b, with a total supply of 50b. ?

HOW ?

As users transfer their data from IoT, the PDL securely stores the files within the P2P network. Once on the PDL, the controlling, managing, and tracing of personal data is done through the platform's core service, the Secure Knowledge Communicator (SKC). The Smart Guardian (SG) is another vital service that allows for the simple and secure registration of IoT devices on the distributed network, which can only be used by the owner of the devices. With the PDL, SKC, and SG as fundamental components, Jasmy promotes a democratic, decentralized, and monetized means of data storage.

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