positive for investors

Repression of Securities Commission (SEC) on the crypto industry in the United States comes with unexpected consequences: some market players claim they want to invest in the space, according to a new survey.

Source: Unsplash

Specifically, 60% of respondents to a survey said they see the latest regulatory crackdown on the crypto industry as a positive sign, with some saying the regulation is providing the clarity traditional investors need.

Among the regulatory actions that have been taken in the United States in recent months include an investigation into the crypto hedge fund Capital of three arrowswhich went bankrupt, as did the crypto lender centigrade (CEL), which is currently engaged in a restructuring proceeding under Chapter 11 of the United States Bankruptcy Code.

The survey was conducted with 564 respondents by Bloomberg Markets Live, and the results were discovered by Bloomberg earlier this week.

One of the industry players who said they welcome the regulations and the strengthening of their application is Chris GaffneyDirector of International Markets at TIAA Bank. According to him, a regulated environment “opens the door” for professional investors to enter the crypto space.

“I’m in the yes camp. As a professional investor, you need a regulated investment space that makes it easier to get involved in crypto. The sooner crypto gets out of the Wild West and integrates traditional investments , the better.” Gaffney said in a comment to Bloomberg.

Separately, respondents were slightly more positive about the outlook for Bitcoin (BTC) this time than in the last survey in July.

At the time, more respondents believed that Bitcoin was more likely to fall to $10,000 than to rise to $30,000. Today, however, almost half of those surveyed said they believe the crypto-asset will continue to trade between $17,600 and $25,000 by the end of the year.

Regarding Bitcoin’s correlation with other assets, and its recent high correlation with tech stocks, 42% of respondents said the correlation with tech stocks will remain the same over the next 12 months. At the same time, almost half of respondents – or 43% – said they plan to increase their exposure to Bitcoin during this period.

Finally, while nearly half of respondents call crypto a “Ponzi” and the other half remain convinced that crypto is “the future,” the least we can say is that this space remains a bone of contention .

“It’s almost like a religion — if you believe in it, you’ll always believe in it, no matter the price or the headwinds,” Bloomberg told Bloomberg. Victoria Greenefrom G Private wealth squaredto summarize the results.

Follow our affiliate links:

  • To buy cryptocurrencies in the SEPA Area, Europe and French citizensVisit The house of coins
  • To buy cryptocurrency in CanadaVisit bitbuy
  • To generate interest with your bitcoinsgo to the website BlockFi
  • To secure or store your cryptocurrenciestake the wallets The book of the book Where Treasury
  • To trade your cryptos anonymouslyinstall the app NordVPN

To collect coins during the game:

  • In poker on the gaming platform CoinPoker
  • For a fantastic global football on the platform Sorority

Stay informed with our free weekly newsletter and on our social networks:

Leave a Comment