The wizard is back, angrier than ever against crypto charlatans!

Who's kidding you? Certainly not the magician

We all know it: markets, and in particular the crypto market, feed on narratives that are not always solid, and more often than not aimed at triggering FOMO. However, the magician - who has already given us ample proof of his very gruff character - does not agree. And he contacted the editorial staff of Criptovaluta.it to tell us what is really happening behind the scenes.

1. Exchange tokens will still be the protagonists

They have all been forgotten a bit, thanks to a period of weakness and little attention for secondary tokens. There is not only $BNB from Binance . There are also BGB from Bitget , which despite being relatively far from its highs, continues its ambitious burn program.

Not all of them will be right: to identify the best, you have to do a relatively simple calculation: enthusiasm, multiplied by the number of activities involving the token itself, from launchpools to other types of services.

Before sending them into retirement, we should think about it a bit.

2. Payments have been “solved” – watch out for payment networks

Which is not to say you should get rid of your Ripple $XRP tokens . In fact, some of these tokens – see this morning’s analysis on Quant – occasionally return to the top of investors’ preferences.

The point is that – according to the magician – these networks should be considered by virtue of the agreements they make. Because for retail the problem has already been relatively solved: stablecoins will be used – and they will be used because they are more practical and easier to integrate.

Proof? Even Ripple has a stablecoin, despite being a network dedicated to bank-to-bank payments.

Stablecoins that are at the center of Wall Street's hunger for the crypto world. Perhaps for those who believe in these technologies, it will be time to also look at the REST - that is, those who will undoubtedly be the winners of this cycle.

3. No, NFTs for tickets, admissions, activities will not work

Or rather, they will certainly work for those who use them – for example, there have been many festivals that have adopted them. The point that the magician tried to explain is another. Namely, that even if they were to become commonly used, these NFTs will be little more than a technical solution for insiders.

And so the networks involved are unlikely to make much money from it. It's a nice narrative, it's a nice narrative, but little more .

4. RWA: It's Not What You Think

With the exception of a few protocols that have taken control of their own… destiny, the rest of the RWA sector will be composed differently. Brokers and Apps, crypto exchanges with special licenses and in any case financial operators will undoubtedly prevail.

That the most controlled world of the financial universe, that of regulated assets, runs freely onchain is simply absurd to think.

So no, it’s still too early to see stocks and other assets traveling freely onchain, bought and sold from pseudo-anonymous addresses.

What's more, most of the world will use this technology but without realizing it, because the interface will be absolutely identical.

5. Bitcoin: Institutionals Won't Stop

We have read (and reread) everywhere about institutional purchases. Perhaps the trend of infinite money will slow down. What will not slow down is the separate purchase of ETFs.

This is because, the magician tells us, in reality many intermediaries who place this type of securities are still warming up . And they have not yet released their full power into the financial universe.

Anyone waiting for them to slow down, perhaps to find a cheap entrance, could be really disappointed.

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