A major crypto analyst is predicting that the crypto market could start surging as soon as a single catalyst manages to hit. According to their prediction, a single event will come along and help Bitcoin escape the bullish market. And thanks to the insider’s experience with the rest of the crypto market.
The crypto market has hit a major slump over the past year and it still struggles to maintain relevance during these trying times. While many financial institutions continue to show interest in working with the market, investors are having second thoughts, since they don’t want to see their investments sink.
With the downward trend for the market seeing no end in sight, many are looking for that golden opportunity of the market rebounding so that they can start making their investments.
However, according to the reports by a crypto insider, the market could be making a major comeback after a specific catalyst finally hits. This catalyst will not only be bringing more institutional investors into the market, but it will also be responsible for bringing in even more people into the market.
One of the first major things that the crypto analyst predicted was that regulation throughout the US and other western countries for crypto will increase. As more and more individuals start making their way into the market, it is becoming even more important for governments to properly regulate the industry.
While most will be able to make their way around Ponzi schemes and other types of frauds, they could still become victims of companies shutting down at short notice. Situations like the Celsius and Terra projects closing down are not things that investors can predict.
The result of the country enforcing better regulation is that even more institutional investors will be making their way into the market. More institutional investors also mean that the market gains even more mainstream appeal.
Improved Economic Conditions
The first thing that people have to worry about right now is all of their necessary goods, which makes them less reluctant to make any risky investments. So as the economic conditions worldwide start to improve, people can expect the crypto market to really turn a corner.
Many are already seeing this phenomenon take place, as most investors who profited off the rise of the dollar index are now looking for much riskier investments. Therefore, many investors will have to wait for macroeconomic conditions to improve.
Congress Working on Legislation
The first thing that most of congress is currently working on drafting proper regulations that can help individuals make smarter and safer investments throughout the market. In fact, many are speculating that this will be done by the end of the year.