Analysis News TheBitTimes.com

President Donald Trump’s executive order will inject trillions of dollars into the crypto market and make a $200K Bitcoin price target look conservative, potentially upending BTC’s four-year cycle. That’s according to Bitwise CIO Matt Hougan, who said in a report that the order’s push for regulatory clarity and institutional adoption could extend Bitcoin’s bull market beyond its usual four-year pattern. Hougan said the order is ”incredibly bullish” for the crypto space because it makes growing the digital asset market a top priority and will set up a clear regulatory framework for that. It also discusses creating a “national crypto stockpile” that, combined with the SEC’s pro-crypto stance, would allow major Wall Street banks and investors to enter the market. “The full mainstreaming of crypto—the one contemplated by Trump’s executive order, where banks custody crypto alongside other assets, stablecoins ar...

Before the COVID-19 pandemic, the correlation between Bitcoin, Ether, and financial markets was generally low. However, after the pandemic, crypto assets have performed in a manner that reflects the performance of the traditional finance system. The International Monetary Fund (IMF) has noted this correlation, saying that Asian countries were adopting digital assets, showing the growing need for regulation. Growing crypto adoption in Asia According to the IMF, digitizing the payment system could foster the environmental-friendliness of the sector and support financial inclusion. However, there was the potential risk of financial instability following the integration of crypto assets within Asia’s financial system . Investors in Asia have been accumulating crypto in a trend that reflects the broader cryptocurrency market. According to the IMF, the correlation between the performance of the equity markets in Asia and cryptocurrency assets has grown significantly since the...