
Butt coin (BTC -3.09 %Jes In the last six months, an incredible run has been on the run, which has increased by 50 % and has been massacred on the way, as it has made the first, 000 100,000. Crypto investors have been happy with the recent election results, hoping that President Donald Trump will help the digital currency reach even higher in the coming years.
There is a lot of enthusiasm around the cryptocurrency, and the Trump administration has already made an important announcement that can be a catalyst to raise the price of bitcoin even. Can this recent development get digital coins, 000 200,000 or higher this year?
New Task Force to develop Crypto’s Regulations
Earlier this month, Mark Yoda, chairman of the Acting Securities and Exchange Commission (SEC), announced a task force plans to create a comprehensive and clear regulatory framework for “crypto assets” and make its sketches. Will provide help. This is an important development for the Crypto as a whole as it can help add credibility and legal status to digital coins. Setting up a process for registering new coins can help reduce some risk that is affiliated with investment in Crypto.
It also remains questions as to whether Crypto Cornences need to be registered as securities with the SEC, and which rules of crypto assets need to be issued.
Can he run the bull on the bit coin?
The news of the task force day increased the price of Bitcoin more than 4 tens. Although growth may not be necessary Straight Impact Butt Coin, any positive news about the crypto world is generally positive for Bitcoin. Adding the legal status to crypto currencies can affect investors who are on the fence about investment in Crypto, and with Bitcoin being the largest digital coin, it is pre -planned for these investors There may be a option that wants to display digital currencies.
If the task force comes up with crypto-friendly rules-as many investors are expecting to have favorable comments about Crypto’s election campaign because of the issue and its closest ties with it – Tesla CEO Elon Musk (who has been demonstrating a long time on the Crypto) – this can be a really important catalyst that pushes BitCoin’s value more this year.
However, investors should be cautious because investing in bitcoin is dangerous. Many factors, including interest rates, inflation, economic conditions, and regulatory issues can all weigh all the potential to weigh where the digital currency goes in the future. To consider many variables, it is not a slim sting in any way that will increase the value of Bitcoin this year.
Is there a good time to invest in BitCoin now?
Unless you are willing to take an advanced risk, you may still be better than avoiding bitcoin. In the past several months, the widespread benefits of cryptocurrency suggest that expectations are already high that there will be a significant correction for the crypto. And it can already be priced at a high price of bitcoin, which is why I will not expect this year to send the price of cryptocurrency this year. Although a minor benefit may be possible, I will not expect that at any time, at any time, will be targeted at 200,000.
In addition, there is a danger that if the Trump administration eliminates the frustrating of crypto investors, which is less than the minimum crypto policies or not preferring reforms, as a result, Bitcoin has been born in recent months. Return some impressive benefits.
Finally, it is a highly speculative asset and investment to keep your portfolio. But if you want to display BitCoin and are at risk, I will only recommend allocating a small portion of your portfolio (ie, less than 10 %) into digital assets.
There is no position in any stock mentioned by David Jaglesky. Motley Fool has positions and he recommends BitCoin and Tesla. Motley Fool has a diagnosis policy.