According to Reuters on the 1st (local time), analysts in City said in a recent report that “Bitcoin is now at a’tipping point’ that will become the preferred currency for international trade or face a’speculative collapse’.
The report said, “There are numerous risks and obstacles to the development of Bitcoin. But comparing these potential obstacles and opportunities leads to the conclusion that Bitcoin has reached a major turning point.”
Citi analysts have also suggested that the mainstream adoption of Bitcoin could benefit from the development of digital currencies such as central bank digital currencies, stablecoins and more.
According to Cointelegraph, some financial experts are multiplying global regulation as one of the biggest obstacles to bitcoin acceptance by institutional investors.
Bridgewalker investment analyst Rebecca Patterson said securing regulatory clarity around Bitcoin could solve some of Bitcoin’s biggest problems of high volatility and low liquidity.
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