May. 13 at 3:43 PM
$BTM this is not new. This is the other shoe that had to drop from the previous regime. Alex is trying to stabilize the business, and his transparency is a great step in the right direction. He takes regulation and compliance seriously. Long term, the crypto players that are the most compliant will survive, rerate, and gain market share from the smaller non compliant operators. Also, if and when (I do think it will pass) the Clarity Act is passed, I think it will violently rerate with what I suspect Alex will focus on long term, which is remittances, stablecoin usage, and other transactions that make the ATM a more viable on/off ramp for digital assets/crypto for the underbanked and the banked.
The 3 main catalysts for BTM are:
-Bitcoin adoption
-Clarity Act
-The company stabilizes with regulatory and compliance measures to turn into a digital asset/crypto on/off ramp with good EBITDA
