Bitcoin (BTC) Price Rises As Regulatory Concerns Become Accolades

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Just a couple of days ago, if you were talking about Bitcoin, or any other cryptocurrency for that matter, you were talking about the declines we’ve seen in the price of the coin. However, today, the story has changed in a big way. After a US Congressional hearing yesterday, government regulation is being looked at as a point of validation for the cryptocurrency space. As a result, Bitcoin (BTC) and others are flying while massive rebounds are already being predicted.

Experts Are Predicting Massive Gains For BTC Ahead

While it seems like just yesterday, regulatory concerns were a big issue for Bitcoin and the crypto space as a whole, regulation now seems to be the reason for gains. In fact, some experts are arguing that with government authorities providing regulatory recognition of cryptocurrencies and the exchanges they trade upon, cryptocurrencies are receiving further validation. As a result, Thomas Glucksmann from Gatecoin, a cryptocurrency exchange says he’s expecting a run to all new highs. Here’s what he had to offer about what he believes will be a big rebound:




Increasing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will continue to the market’s rebound and push cryptocurrency prices to all new highs this year…. There is no reason why we couldn’t see bitcoin pushing $50,000 by December.

Other experts, like Jamie Burke, the CEO at Outlier Ventures, say that cryptocurrency is going to experience a bull run. Here’s what Burke had to offer in a recent comment to CNBC:

Read The Full Story At CrypoTwits!

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Hey, Im Joshua, the founder of CNA Finance. I enjoy following the trends in the market and finding the catalysts that are making the moves. If you want to get in contact with me, leave a comment below or email me at CNAFinanceHelp@gmail.com Please keep in mind that I am not an investment advisor and nor is CNA Finance. This is a news and information gathering outlet. We may work directly with some of the companies that we write about. If we have a business relationship with an issuer, we will mention that in the articles. We also have various affiliate relationships with advertisers and may be paid if you sign up for a service that you were referred to through our website.

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