Are you interested in investing in Bitcoin but wondering about its future growth? The World Economic Forum in Davos this year had a lot of experts discussing the regulation of cryptocurrencies, and Bitcoin was a hot topic. Although last year’s bullish trend caused euphoria around Bitcoin, this year, the focus has shifted to regulation.
Market leaders such as the head of UBS Group AG, Colm Kelleher, believe that blockchain technology and Bitcoin are unstoppable and need regulatory norms to be implemented quickly.
As Bitcoin legalisation continues, the European Parliament intends to adopt a comprehensive regulation of the crypto-asset market in April, which will legalise Bitcoin in all EU countries. Similarly, the US House of Representatives formed a subcommittee to develop rules for federal regulators on cryptocurrencies and advance digital financial technologies.
Forecasts for Bitcoin’s growth after a 14-day positive trend that started on January 4th have ranged from cautiously optimistic to fantastically positive. According to Anthony Scaramucci, founder of the SkyBridge Capital hedge fund, Bitcoin could reach $100,000 in the next three years, as most investors accept Bitcoin as an asset class.