Buy Bit now! NYDIG warns: Those who don't buy now, beware of financial risks.

robot
Abstract generation in progress

NYDIG: Investors have no reason to refuse BTC

After Trump was elected President of the United States, Bitcoin big pump broke through the $80,000 mark and is now ready to challenge $90,000.

With the optimistic sentiment in the currency market, Greg Cipolaro, Global Head of Research at NYDIG, also expressed a very fear of missing out view, believing that investors have no reason to refuse BTC.

According to The Block, Cipolaro said that because there are already easily accessible and regulated investment products such as ETFs on the market, and BTC has become a political tool, investors should not fail to allocate funds to BTC.

In addition, with the Republican Party gaining a majority in the Senate and likely to maintain an advantage in the House of Representatives, legislation supporting the Crypto Assets industry may be easier to pass.

Cipolaro said that the cryptocurrency field now has a "place" in the US government, and there is hope that cryptocurrencies and blockchain technology will be more easily accepted by the mainstream financial system.

NYDIG: Those who don't buy now may face financial risks in the future

For those who have not yet invested in Bitcoin, Cipolaro also gives a 'friendly reminder'.

"If you do not hold this asset (BTC), it will become a liability in the future. Investors who may have easily ignored or disregarded this asset in the past for various reasons will face financial risks if they continue to do so."

During the election, Trump expressed his intention to dismiss Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), on his first day in office. It is rumored that the position will be taken over by the legal director of Robinhood's market department.

Cipolaro predicts that the new leadership of the SEC may adopt a more inclusive regulatory concept, seek settlements with cryptocurrency companies, operate within a clear regulatory framework, and some lawsuits may even be completely dismissed.

Standard Chartered is also optimistic about the future of BTC and it may hit 200,000.

In addition to Crypto Assets institutions, some TradFi institutions are also optimistic about the future of Bitcoin.

"Encryption City" previously reported that a recent report by Standard Chartered Bank predicts that the overall market capitalization of the encryption currency market is expected to reach $10 trillion within the next two years, more than three times the current $3.1 trillion.

Standard Chartered Bank also pointed out that this wave of encryption currency bull market will be different from the past, there will be more practical applications entering the mainstream market.

In the next two years, applications such as game, asset tokenization, Decentralization of physical infrastructure (DePIN), and blockchain social products will become the main driving force for the growth of Altcoin (Altcoin).

The bank also reiterated its previous prediction that BTC is expected to rise to $200,000 by the end of 2025, while Ether may surpass $10,000.

Although the price of BTC may continue to rise, Standard Chartered predicts that its market share may drop from the current 60% to 40%, and is particularly bullish on blockchains such as Solana ($SOL) with fast and low-cost features, expecting these projects to outperform Bitcoin and Ethercoin.

Extended reading: Cryptocurrency Market Cap soaring, extreme market optimism? Standard Chartered: Could reach 10 trillion baht by 2026!

[Disclaimer] Investment carries risks. The above data is for reference only. Users should refer to more diversified indicators to judge whether to invest, and consider whether any opinions, perspectives or conclusions in this article are suitable for their specific situation. Invest at your own risk.

'Bitcoin buy is right! NYDIG warns: Those who don't buy now, be careful of financial risks.' This article was first published in 'encryption city'.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments