News

Financial Institutions Are Waiting For Regulatory Clarity To Jump Into Cryptocurrencies

According to Co-Founder CK Cheng, the traditional investor will take advantage of the regulatory clarity, running the next bull market.

CK Cheng is the former of Credit Suisse and has moved to work in ZX Square Capital in 2021, has raised his belief of the next bull market that will be impacted by the regulatory clarity next year.

The partnership between Blackrock and Coinbase based on Regulatory Clarity

More and more traditional financial institutions have expanded their operations in the cryptocurrencies. Typically, BlackRock – one of the world’s leading investment companies providing advisory and risk management for clients – partnered with Coinbase to offer Bitcoin to their clients. This company aims to provide more cryptos through Coinbase Prime for clients around the world.

Not just only BlackRock, crypto is the emerging industry that many leading financial companies set goals to join to create more assets investment.

From an institutional perspective, as long as the regulation is clear, that gives an institutional investor a very clear path to see they don’t trip themselves into regulatory issues […] that will bring institutional investors into the space

At that time, all investors are heading to US new regulations regarding Securities Law to determine whether a cryptocurrency will be seen as a security or commodity.

BTC Price Daily Chart – Source: Coincu

 Cheng also shared his viewpoint on the BTC price for the next few days. He concluded that October is one of the most volatile months for the BTC and the whole market. Not just only the new regulations will be released, but also the new FED interest, high inflation, and the US recession’s prospect will make a significant change for crypto and stock. However, this is the signal to expect that the crypto market will be more stable in the next year.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Ken

CoinCu News

Victor

Recent Posts

Dogecoin Price Gets $5 Prediction, Shiba Inu To Rally 1,100%, And ETFSwap (ETFS) To Jump 135x

Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.

2 hours ago

AVAX Hits $1B in DeFi, Cardano Expected to Surge—BlockDAG Leads with $110M Presale & 100% Bonus!

Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…

2 hours ago

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

5 hours ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

7 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

10 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

11 hours ago

This website uses cookies.