Cryptocurrency Financial Advisors

Summer Greetings from Sarson Funds

Summer greetings from Sarson Funds,

We hope this letter finds you healthy, happy, and enjoying the last beautiful days of summer.

Cryptocurrency prices have kept us on our toes at Sarson Funds this summer, living up to their reputation for volatility. Announcements about China seeking to curtail the growth of Bitcoin within its borders coupled with the sharp about-face from Tesla’s astronaut-in-Chief, Elon Musk, on accepting Bitcoin temporarily seized the public narrative and contributed to selling pressures in May and June.

As we start the month of August, Bitcoin and other cryptocurrencies continue in a choppy sideways trading pattern, with most assets showing a high correlation to Bitcoin. Meanwhile Bitcoin is still searching for its equilibrium price in the $40,000 – $50,000 range. There are many reasons to be excited about what has been happening in the market. We would like to share a few of our observations with you.

Over the course of this year, the United States has become a top destination for cryptocurrency companies to reside. The SEC, under the thoughtful leadership of Gary Gensler, has shown its acute awareness of the durable value propositions digital currencies are able to offer for both the financial sector and for the consumer. Gary and his team have been working to educate Congress, the CFTC, the Federal Reserve, and the Executive Branch on the inevitability of the world’s evolving financial architecture. Thankfully, American-led innovation in digital assets has been keeping the future of finance located in the United States. Digital asset companies, including our partner firm lending giant Celsius Network Ltd, are moving their operations to the United States from other countries. This is quite a sharp contrast from two years ago, when Facebook’s Libra project received such a hostile reception from lawmakers that Libra promptly moved their entire operation out of the United States.

There have been signs all around us which show financial institutions are rushing into the cryptocurrency markets. Traditional Wall Street firms that were once anti-cryptocurrency such as Wells Fargo, Goldman Sachs, and CitiBank have recently built crypto brokerage divisions into their corporate strategies. BlackRock, Fidelity, and Bank of America have invested in Stablecoin companies (ex: Circle and Paxos). StateStreet and JP Morgan currently have hundreds of job postings seeking employees to fill their expanding digital currency and tokenization initiatives.  Institutions are moving with remarkable speed to establish their crypto-capabilities.

With all the excitement circling around cryptocurrency, we continue to invite and welcome the opportunity to help service your digital asset investment and educational needs.  Please reach out to us any time so we can show you how we are helping other advisors and their clients with this new asset class.

Warm regards,

John Sarson, CEO & Cofounder

Jahon Jamali, CMO & Cofounder

Share:

Email
Facebook
Twitter
LinkedIn
Telegram
WhatsApp
Reddit

Social Media

Most Popular

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.

Categories

On Key

Related Posts

Gamers go crypto

100 Million Gamers Go Crypto

 By, Evan LaMontagne, Blockchain & Gaming Analyst at Sarson Funds Game Economies, something few understood 10 years ago, but is

People on devices in the style of Norman Rockwell. Credit open.ai

Web3 My Business: Starter Pack

  Executive Summary: These crypto startups are turning Web3 communities into profit centers for businesses: Blocksee – NFT minting and