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.
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.
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.
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Ken
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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.
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.
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
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