May Capital forecast a difficult year for crypto - expects Bitcoin and Ethereum to cut off well as soon as the regulations focus on regulation
May Capital forecast a difficult year for crypto - expects Bitcoin and Ethereum to cut off well as soon as the regulations focus on regulation
The chief share strategist and regional president of Mai Capital Management, Chris Grisanti, has predicted that this year will be difficult for crypto mainly due to regulations. However, he expects established cryptocurrencies such as Bitcoin and the Ether to "cut" quite well as soon as the regulation focuses on.
crypto forecasts of the stock strategist
Chris Grisanti from Mai Capital Management announced his view for the cryptocurrency market in an interview with CNBC on Thursday. Grisanti, CFA, is Chief Equity Strategist and Regional President of Mai Capital Management, an asset management company that offers planning and investment services.
grisanti found that crypto is "almost a victim of his own success", detailed:
I think there will be a harder year for crypto ... There will be demands for regulation everywhere - from China, from Europe and here in the United States.
Nevertheless, the stock strategist sees some cryptocurrencies in the rise. "I think there will also be great vintage.
The strategist explained:
As soon as the regulations are in force, institutional investors will become more convenient in my opinion, not to treat Bitcoin like a currency, but like gold that is a protection against inflation and other things.
A current survey by Nickel Digital Asset Management, a regulated European Hedge Gundle Manager for Digital Vermöges, also shows that institutional investors optimistic about more regulation in the crypto industry.
In her comment on the US Securities and Exchange Commission (SEC), which receives more powers to regulate the crypto room, 73 % of institutional investors and asset managers believe that this will have a positive impact on the price of crypto and digital assets, and 32 % believe this ". will have a very positive effect. ”
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