It was a wild week in cryptocurrency.  The United States got a lot of attention due to its passing on its Infrastructure Bill.  Unless one was living under a rock, the waves of information were flowing back and forth over the weekend.

The bill was held up by people from the cryptocurrency industry getting very vocal about essentially turning developers into brokers.  This is going to require licensing, putting it fully under government control.  It also drives up the cost of doing business while also pushing the development into the hands of larger firms.

Now that it passed, there is a lot of projecting about what will happen.  The reality is we do not know precisely.  The bill still needs to be reconciled with the House of Representatives.  After that, it goes to the President for signature.  Once he signs it, then it is highly likely the lawsuits begin.

In the meantime, nothing truly went into effect.  The bill is not set to take effect until 2023.  This gives the industry time to prepare (and fight).  Of course, it also provides the developers the opportunity to code.  What that results in is anyone's guess.  The point is that they are not going to sit back idly.  

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[Source](https://www.harvardmagazine.com/sites/default/files/img/article/0619/ja19_page_10_image_0002.jpg)</center>

Following this is enough to make one's head spin.  How does all this affect the LBI token?  Answering that is like coming up with the Theory of Everything.  There is no way to know what is going to take place.

Emotions tend to run high in situations like this.  The point here is that this is going to take a long time to resolve itself.  We are going to see a lot of steps taken before any of this goes into law.  Ultimately, we could see it unfold where the bill enters law as written.  This will mean that part of the adjustment is much of the development, along with the companies, move out of the United States.

If that happens, it is still business as usual.  Just like the mining situation in China, it was a temporary setback.  Sure hashrates dropped as rigs were taken offline.  Some of those are finding new locations and being turned back on.

The way around the emotional quandary is to simply not focus upon what is happening today.  In the grand scheme of things, it really doesn't matter.  There are ups and downs on every level.  We are dealing with an industry that is still in development.

Nevertheless, the trend appears clear.  Everything is growing.  Adoption rates are up.  More applications are being created.  Tokens are being distributed each day.  Media coverage is increasing effectively "spreading the word" about cryptocurrency.

Here is where long-term focus enters the picture.  LBI is an opportunity to ride the success of Leofinance and all its different projects.  We know from the Weekly AMA along with the Developer Reports that things are progressing.  This is another area where the day-to-day focus is death.  For many us, it is like watching grass grow (or paint dry if you prefer).  It is best to step away from the ledge for a couple of months and then return.

It is not so much where any one project, or the entire industry is next week.  Instead, the key is where will it be in 2025.  What will take place in the next 3.5 years.  Think back, for a second, of how things were at the beginning of 2018.  Notice how much different things are now.  At that time, DeFi was nothing more than just a concept.  Now, we have a number of blockchains offering out hundreds of projects with more than $100 billion in TVL.

Who would have thought we would be at this point when the bear market started hitting in 2018?

In spite of a prolonged downturn in the markets, the industry kept building and expanding.  Here we are today.

Of course, as impressive at that is, it is nothing compared to where we will be in another 3.5 years.  What this industry will look like then is pure speculation.  One thing we can surmise is that it will be bigger.

Therefore, in closing, keep the long-term focus.  Do not get on the emotional roller coaster of the price action or the news media.  Governments are going to try to retain control, this is something we knew.

We see tremendous value in long-term focus.  Follows of markets often discuss diamond hands.  The same goes true for all related to this industry.

At LBI, we simply stay the course of growing the holdings of the fund.

Over the long-term, we believe this will pay off.

Article written by @taskmaster4450le.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@lbi-token/the-value-of-long-term-focus)