Ryan Rabala: Bitcoin will rise after adoption of laws regulating
Source:
the day before Yesterday the head of the Russian Association of cryptocurrency and blockchain Yuri Pripachkin Bitcoin 50 thousand dollars by the end of the year. According to him, the coin could grow if China and South Korea will abolish the strict rules of regulation of cryptocurrency.
Master trader Octagon Ryan Rabala said that he and his leaders do not doubt the prospects of cryptocurrency. Bitcoin may drop, but the adoption of laws on the regulation of digital money will raise the market. His words are quoted .
theWhy should you believe in Bitcoin
According to Rabali, "normative maturity" of digital assets can lead to market growth.
I see this as a double-edged sword. The uncertainty caused by the pending regulation, is what presses on the market. However, this situation stimulates the growth of the market — people do not know what will happen next, and perceive the stock market as a great game. Ultimately, the adoption of laws on regulation of cryptocurrencies will lead to the growth of the market. Once that happens, professional and traditional players who are going to enter the market, will receive the support of regulators.
In this situation, it only remains to divide the confidence, Rabali and hope that the market will indeed grow to the end of the year.
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