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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