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January 17, 2022
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Mai Capital Predicts Tough Year for Crypto — Expects Bitcoin and Ethereum to Do Well Once Regulations Come Into Focus – Regulation Bitcoin News

Mai Capital Management’s chief fairness strategist and regional president, Chris Grisanti, has predicted that this 12 months might be robust for crypto largely due to laws. However, he expects established cryptocurrencies, akin to bitcoin and ether, to “do quite well” as soon as laws come into focus.

Equity Strategist’s Crypto Predictions

Mai Capital Management’s Chris Grisanti shared his outlook for the cryptocurrency market in an interview with CNBC Thursday. Grisanti, CFA, is chief fairness strategist and regional president of Mai Capital Management, a wealth administration agency that gives planning and funding advisory companies.

Noting that crypto is “almost a victim of its own success,” Grisanti detailed:

I believe it’s going to be a harder 12 months for crypto … There might be calls for regulation from in all places — from China, from Europe, and right here within the United States.

Nonetheless, the fairness strategist sees some cryptocurrencies popping out forward. “I do think there will be a great winnowing as well. I think the more established coins like bitcoin and ethereum will do quite well after regulations come into focus,” he described.

The strategist elaborated:

Once laws are in place, institutional buyers, I believe, will get extra comfy treating bitcoin not like a forex however like gold, which is a hedge towards inflation and different issues.

A latest survey by Nickel Digital Asset Management, a regulated European digital asset hedge fund supervisor, additionally reveals that institutional buyers are optimistic about extra regulation coming to the crypto business.

Commenting on the U.S. Securities and Exchange Commission (SEC) being granted extra energy to regulate the crypto area, “73% of institutional investors and wealth managers believe this will have a positive impact on the price of crypto and digital assets and 32% believe it will have a very positive effect.”

What do you consider the predictions by the fairness strategist? Let us know within the feedback part under.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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