My thought about $TAO and why it's a must have especially now:

- dTAO , dTAO will allow for the creation of subnet tokens. These tokens have their own pools and will handle similar but a bit different as a dutch auction. 

Subnet tokens will allow each individual subnet to have a token, which can only be bought via $TAO and only be sold into $TAO. For subnets to gain emission they need people to buy their subnet token, with $TAO. 

- Subnet performance, Subnets will come out striking to gain attention and reputation. Subnets will now perform at their bests and show what they have. This forces every subnet to achieve, be open with and show their code and show how they are an addition to Bittensor but also how they create value for $TAO as holders now decide their fate. We likely see some very interesting & big announcements towards dTAO.

I think this mechanic alone will send $TAO to places we've dreamed of.

- Coinbase listing, We've seen yesterday that Coinbase finally added $TAO to their roadmap. We can speculate on the listing time, but I think it won't take longer than a month and hopefully after dTAO. 

Coinbase will open a huge market for on/off - ramp , retail and easy US access. 

But the biggest thing is that they can offer custody for institutional investors who will look for exposure to a decentralized AI crypto aka $TAO. There is no other than $TAO and they know it.

- Regulatory frameworks, Europa has MiCa evolving and now the US is getting a clear regulatory framework. This means assets , especially with real value, will get a clear road ahead. More and easier adoption. $TAO is integral to work and gain value from the ecosystem and now with every major financial institution being able to benefit, offer and acquire $TAO it works for both ways.

These 4 topics are short term catalysts that will benefit Bittensor it's ecosystem and $TAO the token massively. The market isn't always telling you what is happening, the buzz around.

Gobble & enjoy your day.