Bitcoin and the broader cryptocurrency market are experiencing a “critical moment” marked by increased institutional adoption but persistent regulatory uncertainty. In a recent broadcast featuring strategist Noelle Acheson, key topics shaping the future of the sector were discussed.
Questions are mounting about the Clarity Act, one of the most anticipated regulatory changes in the market. With giants like Coinbase withdrawing their support, the bill is losing momentum, and if it fails to pass, the industry will have to stand on its own two feet. According to experts, if the legal framework isn’t clarified this year, the crypto industry needs to prove real mass adoption in the stablecoin and tokenized asset sectors to avoid “disappearance.”
Noelle Acheson stated that the cryptocurrency sector should benefit from a relatively friendly attitude from regulators for the next three years (until a possible change of government). Acheson argues that the sector should become “too big to fail” during this time. Growth at this rate could provide a protective shield that would make it impossible for potentially repressive regimes in the future to reverse the sector.
The fact that Bitcoin has failed to make the expected breakthrough at a time when gold and silver are hitting record highs and the dollar is weakening is causing concern among investors. According to Acheson, Bitcoin is now considered a “macro asset.” While this provides legitimacy, it also means that Bitcoin is no longer just a “crypto story,” but has become one of many options in fund managers’ portfolios.
Acheson argues that the dollar’s decline is not accidental, but a deliberate plan by the Trump administration. He states that Trump and his team are trying to lower the value of the dollar to boost US manufacturing, but are doing so while maintaining a delicate balance of “avoiding appearing weak.”
He argues that Bitcoin is no longer just a cryptocurrency, but a “macro asset”; while this provides legitimacy, it also carries risks for macro investors because it is the “easiest 24/7 liquid asset to sell”. He notes that US investors currently place a lot of trust in stocks, and therefore haven’t yet fully felt the need to hedge against dollar depreciation with Bitcoin.
He suggests that the parabolic rise in silver prices could signal a “bubble” in the gold market, and that silver is acting somewhat like an “altcoin season.”
*This is not investment advice.