Lately, the future of the crypto industry is becoming frequently discussed by US lawmakers and regulators. It is clear that these authorities want to consider a uniform system of regulation as soon as possible. Bloomberg sees a bright future for the country’s crypto industry.
Bloomberg
According to a report by Bloomberg Intelligence, the United States will fully embrace the crypto industry in the coming year. Yes, a system of regulation will have to be introduced, but this regulation will support the new sector and will not aim to suppress the crypto sector.
In this Global Cryptocurrencies: 2022 Outlook The report also states that this course is being taken to stay one step ahead of China. Of course, this year was dominated by the total ban on crypto mining and trading in China.
In particular, the emergence of the non-fungible token (NFT) sector in combination with quite positive price predictions will ensure that the crypto industry in the United States will gain momentum in adoption.
This may also come after a serious price impulse from the prices of both bitcoin (BTC) as ethereum (ETH). The Bloomberg report considers there is a chance that these cryptocurrencies will soar as traditional investment products may not show the desired returns.
Bitcoin $ 100,000
According to the report, it is also undeniable that the largest cryptocurrency, bitcoin, is on its way to becoming the best store of value, or store of value, to become. The report states that it is very likely that bitcoin will rise further if the stock market falls.
For that reason, a bitcoin price of $100,000 is also cautiously forecast in the near future. As the adoption of bitcoin continues to progress steadily, there will be more and more demand for the cryptocurrency, while the supply remains more or less the same. Basically, this causes an upward price movement.
–
