Your weekly crypto digest is here Despite China's recent | NIМВUS | Official News Channel
Your weekly crypto digest is here
Despite China's recent ban of all cryptocurrency transactions, bitcoin not only didn’t rush down but also returned above $50,000 for the first time since early September. One of the reasons could be attributed to the fact that the Chairman of the US Securities and Exchange Commission, Gary Gensler, said that the regulator does not plan to ban cryptocurrencies or impose harsh measures against digital assets. By the way, earlier, the head of the Fed, Jerome Powell, made a similar statement.
No surprise even the family office of billionaire George Soros has invested in the first cryptocurrency. According to the head of the Fund, bitcoin has even more long-term potential. Bloomberg believes that the fact that the Soros family office, which manages money for the billionaire philanthropist, now publicly has some skin in the crypto game adds to the legitimacy of the sector. It should also be noted that other major institutions seem to favor DeFi as well.
Finally yet importantly, according to Bank of America, the digital asset industry could become “one of the most exciting markets” in the coming years. The universe of digital assets with a capitalization of over $2 trillion and more than 200 million users is too large to ignore. Additionally, Bank of America believes that corporations may in the future be more willing to consider adding digital assets to their balance sheets for diversification.
