Gotta’ say…

The sentiment in the cryptocurrency market over the last few weeks has been WILD.

Many investors, especially those new to the market, are feeling the heat.

We get it.

There's real money on the line, and it can feel like a constant battle with the market.

No less, headlines tend to sensationalize events and spread fear, uncertainty, and doubt (FUD). People read the headlines without context.

They react.

A good example of this just happened:

A recent story claimed that Russia had banned crypto, causing widespread panic.

However, upon closer examination…

(I read beyond the headline…)

It became clear that Russia was not banning crypto but rather regulating exchanges.

This dynamic is the same across the board.

Today…

I’m going to reveal three things they’re telling you to freak out about -- and three reasons why you shouldn’t.

First things first…

How to Keep Your Head

Keep in mind, James and I are taking the LONG view on crypto.

Unless you want to rely 100% on LUCK, you need to have a long-term approach.

And this is the most important bit: YOU NEED TO DO SO IN A WAY THAT ALLOWS YOU TO RELAX AND NOT WORRY ABOUT IT.

Part of that is making sure you’re not taking on too much risk. If your crypto portfolio is keeping you up at night, then you probably have too much money in crypto.

The ideal is when you can forget about it and do other things. Spend the time you usually sit doom scrolling and watching Youtubers analyze crypto charts on other things.

Start a garden. Write a book. Learn Russian. Play the piano. Diversify your interests.

Also, take the historical view:

Just as the printing press opened up access to information and enabled new forms of expression and dissent, crypto has the potential to do the same to financial services, enabling new forms of economic participation and human coordination.

The potential upside for this new asset class, when seen through this lens, is IMMENSE.

However, this disruption is not without challenges. And it’s not going to happen overnight. The printing press led to a period of chaos before ushering in a new era of knowledge.

The current chaos in the crypto market is a necessary precursor to a more stable and mature ecosystem.

3 Things They Say You Should Fear

1 - The Ethereum ETF

It’s likely that the SEC will deny an Ethereum ETF on May 23rd.

It's important to remember that Ethereum has already reached highs of $4,800 in 2021 without an ETF. The ETF is a bonus but not essential for Ethereum’s rise.

Factors like staking, burning, Layer 2 adoption, and other developments are MORE crucial to Ethereum's long-term success. (And that’s where James and I keep our focus.)

An ETF is just icing on the cake. And it’s coming.

2 - The SEC

Don’t get me wrong.

The SEC's actions against various crypto entities, such as the lawsuit against Ripple, Grayscale, and Coinbase aren’t ideal by any means.

However, it's important to note that the SEC has been losing many of these battles in court. Ripple and Grayscale have already won against the SEC, and based on legal analysis, Coinbase is likely to come out on top as well.

These legal battles will take a while to play out, and the SEC’s success is by no means guaranteed. Furthermore, there is dissent within the walls of the SEC on their “regulation by enforcement” strategy.

(See Hester Peirce.)

3 - Macro Conditions

While some macroeconomic concerns, such as global instability and the potential for a recession, are indeed serious issues, it's important not to let sensationalized media coverage dictate investment decisions.

We are still in a bull market. And volatility is a bump in the road.

In the long run, these factors may have less of an impact on the crypto market than the media suggests.

It's also crucial to remember that the crypto markets are global, and the United States is not the only player. Even if the worst-case scenario occurs with U.S. regulations, it may not have a significant long-term impact on the global crypto market.

Don’t Fumble the Ball

There are several reasons to be bullish. I’ll cover some of them tomorrow.

Ultimately, the key to navigating the emotional turbulence of the crypto market is to focus on what you can control.

You can't control the news or the daily price fluctuations, but you can control how you react to them.

By keeping a level head and focusing on the big picture, investors can weather the storms of FUD and come out on top in the end.

But that’s just my take. James is WAY more bullish.