The Bad Crypto Podcast Ep 763: $WAX, Regulation and Crypto Predictions with William Quigley
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Feb 5, 2025 William Quigley, co-founder of Tether and the WAX blockchain, delves into the impact of President Trump's pro-crypto initiatives on the Bitcoin landscape. He discusses WAX's journey amid industry challenges, NFTs, and the importance of community engagement. Quigley shares expectations for Bitcoin's end-of-year prices and highlights the complexities of cryptocurrency regulations. The conversation touches on the evolution of digital finance, including stablecoins, and addresses the cyclical nature of the market, spiced with a dash of sports fandom enthusiasm.
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WAX and Topps NFTs
- Topps Garbage Pail Kids NFTs sold out in 24 hours, not 60 days as predicted.
- This demonstrated the mass market appeal of NFTs early on.
Market Cap and Meme Coins
- High market cap blockchains attract more development due to larger value pools.
- Meme coins are now what NFTs were in 2021, speculative and trendy.
Crypto Regulation
- The Trump administration is regulating, not deregulating, crypto through litigation.
- This forces people to guess what's acceptable, leading to unintentional violations and lawsuits.