Messari Daily Brief Feb. 5, 2021 - Buy Don't Ban

Short post this morning, because I’d prefer to re-share and underscore Balaji’s excellent post from this week on why India should "buy bitcoin vs. ban it." The argument is thorough, punchy, and compelling, and I keep thinking about the potential for countries who make the (logical) first-mover leap into crypto. The Michael Saylors of big governments if you will.

What’s happened in Singapore, Portugal, Wyoming, Miami, etc. with respect to crypto friendly regulation feels like kindling. At some point, a big democratic government will stop and say: “why aren’t we taking this more seriously?” They'll change the course of their economic and geopolitical fate for decades by embracing crypto and the influx of talent and capital that would come with it. India feels like the most exciting candidate to prosper from the crypto tech boom. I hope logic and free markets prevail and they capitalize on the generational opportunity.

Read the full post from Balaji. And have a good weekend.

Headlines that matter:

• INTEL: YFI, DOT, UMA, KEEP, CVP, SOL, AVAX (+ 20 updates)
• The Rise and Fall of BitMEX’s Arthur Hayes (Vanity Fair)
• DAOs may soon be permitted to register in Wyoming (The Block)
• TokenSoft will trade Digital Securities on tZERO (CoinDesk)
• Yearn Finance exploit drains $11.1m from vault (CoinDesk)
• Silver Lake’s Glenn Hutchins launches $72m crypto fund (Yahoo)
• CoinMetrics says the “real bitcoin supply” is only 14.5 million
• The See Something, Say Something Act (“SS" for Short)
• RIP productivity: The Great Suspender suspended for malware
• Daily Shade: We’re hiring college dropouts, too.