One River CEO Eric Peters believes the next crypto bull run will be very powerful and driven by institutional adoption Regulatory uncertainty stopping institutional entry, he added Eric Peters, CEO of One River Digital Asset Management, believes the next crypto bull run will be very powerful as it will be driven by institutional adoption. In […]
One River CEO Eric Peters believes the next crypto bull run will be very powerful and driven by institutional adoptionEric Peters, CEO of One River Digital Asset Management, believes the next crypto bull run will be very powerful as it will be driven by institutional adoption. In fact, the exec believes that a bull run might have begun already, despite prevailing downsides.
Bitcoin finished 2022 with a value of around $16,500. At the time of writing, it was trading at around $22,400 . It even peaked to $25,000 in February, a value last seen in June last year. According to Peters, what stops institutions from diving into the crypto-ecosystem is the regulatory uncertainty. As of now, two national regulatory bodies, the Commodity Futures Trading Commission and the Securities and Exchange Commission , are engaged in a battle for control over crypto-assets. Currently, there is a lot of confusion as to whether Bitcoin, Ethereum are securities or commodities.
Peters also suggested that the collapse of the cryptocurrency market in 2022 taught people some critical trading lessons. He advised prospective investors to join the bandwagon, only if they are prepared for volatility and different cycles.Towards the end of last year, S&P Global Market Intelligence published a, one that shed light on institutional investment in cryptocurrencies and decentralized finance .
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
AR Gov. Sarah Huckabee Sanders Signs LEARNS Act Into Law, Giving Students Universal School Choice'I promised to be the education governor, and that's why I prioritized it on day one, and today, that's why I'm proud to be delivering'
Lire la suite »
Scotiabank sets target pay for new CEO Scott Thomson $2-million lower than predecessorBrian Porter gets $1.5-million bonus for helping with the transition for three months
Lire la suite »
Indigenous communities downstream of Imperial Oil leak start their own water testingThe Fort Smith Métis Council is testing the Slave River for contamination from toxic water seepage
Lire la suite »
Emergency services rescue man from Kaministiquia RiverRead the full story and comment on Tbnewswatch.com
Lire la suite »
Appeal Court quashes former IWK CEO Tracy Kitch’s fraud conviction | SaltWireHALIFAX, N.S. — The Nova Scotia Court of Appeal has quashed Tracy Kitch's conviction for defrauding the IWK Health Centre. Kitch, who billed $143,730 in ...
Lire la suite »
Adidas slashing dividend, CEO promises turnaround after costly split with Kanye WestAdidas on Wednesday warned that its split with the rapper and fashion designer could push it to its first annual loss in three decades this year
Lire la suite »