Three years ago, this interview would have crashed Ether by -70% or more, today no visible impact.
I really like that his precise statements regarding securities has 0 impact on the price of Ether. It shows how resilient the market has become after all the institutional FUD during the past years. It becomes more and more visible that the market does not care about the SEC wanting to bust all that do not play by their (outdated and unfair) rules. The shift of financial markets has reached a milestone where it seems inevitable that the system of "accredited investors" (investors with >$1m) will be taken over by an open system where the masses move markets.
Other than the credit (debt) based FIAT money, the crypto market is shaped as commodity money whereby the commodity is DLT technology. There is no central bank inflating the value of Bitcoin or Ether, the value comes from the global acceptance of them being advanced methods of value storage and exchange. For the first time in history, we are able to exchange value without middlemen, without knowing the counterparty and especially without creating more and more global debt. There are now solutions to the unsustainable debt system of central banks (http://www.usdebtclock.org) which however require time and thorough education.
- Nic, President, CryptoCurrency Investment Club (CCIC)
