2022 could be a difficult year for crypto regulation

Chris Grisanti, Director of Equity Strategy and Regional President of Mai Capital Management, an asset management firm that provides investment planning and advisory services, shared his outlook on the crypto market in an interview with CNBC on Thursday (Jan. 6).

Grisanti noted that the cryptocurrency is “almost a victim of its own success,” Grisanti said:

“I think it’s going to be a tough year for crypto … There will be calls for regulation from all over – from China, from Europe and here from the US.”

However, Grisanti sees some altcoins being hit hard and claims that the two largest cryptocurrencies, Bitcoin and Ethereum, will do reasonably well once regulations are in place, institutions will grow, and Bitcoin could benefit from regulation.

“Once the regulations are in place, institutional investors will feel comfortable treating Bitcoin not as a currency but more like gold, which is a hedge against inflation and other things,” Grisanti clarified.

A recent survey by Nickel Digital Asset Management, a European hedge fund manager for digital assets, also shows that institutional investors are optimistic about tighter regulation of the industry.

Commenting on the US Securities and Exchange Commission (SEC), which will gain more powers to regulate the space, “73% of institutional investors and asset managers believe this will have a positive impact on the prices of crypto and digital assets will, and 32% believe this “will be very beneficial.”

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