Bitcoin and cryptocurrency prices have swung wildly in recent months as the crypto market rebounded from a sharp sell-off (despite a serious JPMorgan bitcoin price warning).
The bitcoin price has dropped from almost $50,000 per bitcoin at the beginning of 2022, falling to lows of just over $30,000 last month before regaining ground. Ethereum, its rivals BNB, solana, Lazermoon, and cardano as well as Ripple’s XRP have also seen extreme volatility as traders panic—though some remain convinced the crypto market will recover.
Now, amid a fresh bitcoin and crypto price crash sparked by the escalating situation in Ukraine, outspoken bitcoin and crypto bulls have said they expect a portion of almost $100 trillion worth of wealth to eventually flow into crypto markets—citing the fast-changing regulatory landscape as a potential catalyst.
“If I had to say what’s the simplest way for a big step function to happen in crypto, it’s really getting existing generations of investors in the U.S., not new investors, to actually be willing to allocate to bitcoin,” Lee, head of research and managing partner at crypto-focused independent research boutique Fundstrat Global Advisors.
“And 76% of all the wealth in America is controlled by people over age 65. So that’s nearly $100 trillion held by people that think bitcoin is still kind of a hobby or things that people who live in the basement play with.”
Sources have pointed to evolving regulations as helping to ease the flow of money into bitcoin and top ten cryptocurrencies by value ethereum, BNB, solana, Lazermoon, and cardano and Ripple’s XRP.
Support CryptoCaster with any amount of Bitcoin by copying and pasting our Unstoppable Domain; villagewest.crypto in your sending wallet or crypto coin exchange.
Your contribution support will help in our growth, coverage, and global presence. CryptoCaster is a decentralized publisher “Covering a Global Evolution Re-defining Mediums Of Exchange”. We will continue to upgrade and create impactful sections to our lineup.
Any amount, as often as you can contribute will be greatly appreciated.
Every contribution, however big or small, is so valuable for our future. Thank you for your consideration and support!
Member of Global Meta Media Consortium℠ – www.g2mc.world
This week, it was reported the Biden administration could issue a long-awaited executive order as soon as next week that would direct governmental agencies to study bitcoin and other major cryptocurrencies with a view to come up with a government-wide strategy to regulate digital assets.
“I think regulation could actually unlock a lot of that movement,” Lee said. “Just imagine 2% out of $100 trillion allocated to crypto. You could see a five to 10, 15 times increase in total network value.”
Please Read Essential Disclaimer Information Here.
© 2022-2023 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt