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The crypto market has been relatively calm lately, but this week is expected to break the shallow volatility period. Moreover, the optimism of investors is growing as BTC remains relatively strong. So, what have industry leaders recently said about the markets? Let’s discuss their comments, opinions, and other details.
Crypto Market Commentaries by Experts
Australian snowboarder Scotty James pointed out that the traditional investor profile has started to change. According to him, the investment mindset has been evolving along with the younger generations, and crypto can play a significant role in this transformation.
Ripple CEO Brad Garlinghouse, during a recent event, drew attention to the regulatory uncertainty in the US and advised against establishing companies in the country. Many experts share similar views. As cryptocurrencies become the rising stars of recent times, Asia and corporate centers are relocating to this sector. Recently, Coinbase CEO Brad also complained about the regulatory pressure, stating that politicians fail to recognize the potential here. He believes that politicians are taking a big risk with their anti-crypto stance in terms of their vote potential.
Former PayPal executive and co-founder of Lightspark, David Marcus, stated that we are still in the fax era when it comes to global payments. According to him, there is still a long way to go.
Cryptocurrency Predictions
BitQuant has announced an ambitious price target for Bitcoin. According to them, after the block reward halving scheduled for April, crypto investors will witness BTC surpassing $250,000. They also made some comments regarding the performance before the halving.
“No, BTC will not go to $160,000 because the magnitude of each pullback is too much. This means it will peak after the halving, in 2024. And yes, the target price is around $250,000.”
If BTC reaches $250,000, it will trigger massive rallies for the rest of the cryptocurrencies. The king of cryptocurrencies, which came closer than ever to its six-figure price target during the 2021 bull run, became a victim of the changing monetary policies by the Fed. We will see that the price, which reached ATH with the approval of Bitcoin Futures ETF, may set new ATH with the approval of a Spot ETF in the coming year. However, prior to that, there needs to be a loosening of tight central bank monetary policies and an increase in money supply globally.
