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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

Chief Capital Strategist and Regional President of Mai Capital Management Chris Grisanti predicted that this year will be challenging for cryptocurrencies, mainly due to regulations. However, he expects established cryptocurrencies such as bitcoin and ether to “perform quite well” once they come to the forefront of regulation.

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Chris Grisanti of Mai Capital Management shared his outlook on the cryptocurrency market in an interview with CNBC on Thursday. Grisanti, CFA, is the Chief Equity Strategist and Regional President of Mai Capital Management, an asset management company that provides planning and investment advisory services.

Grisanti notes that the cryptocurrency is “almost a victim of its own success”:

I think it will be a harder year for cryptocurrencies… After regulation, there will be challenges from all over the world – from China, Europe and here in the United States.

However, the stock strategist sees that some cryptocurrencies are coming forward. “I think it will also be a great victory. I think more established coins like bitcoin and ethereum will work quite well when they focus on regulation, “he described.

The strategy specified:

Once regulations are in place, institutional investors think they will be more comfortable treating bitcoins not as currency, but as gold, which is a hedge against inflation and other things.

A recent survey by Nickel Digital Asset Management, a regulated European hedge fund manager for digital assets, also shows that institutional investors are optimistic about greater regulation in the crypto-industry.

Commenting that the Securities and Exchange Commission (SEC) has gained more power to regulate cryptospace, “73% of institutional investors and asset managers believe this will have a positive impact on the price of crypto and digital assets, and 32% believe so. will have a very positive effect. “

What do you think about the stock strategist’s predictions? Let us know in the comments section below.

Kevin Helms

Kevin, a student of Austrian economics, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in securing bitcoins, open-source systems, network effects, and the intersection between economics and cryptography.

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