in

Investor: Bitcoin Fell Due to Regulatory & Sell Pressure, Will Recover Soon

Investor: Bitcoin Fell Due to Regulatory & Sell Pressure, Will Recover Soon

According to Jonathan Cheesman, a partner at investment firm Distributed Global, Bitcoin has fallen due to five major reasons: macro trend, speculative dominance, regulatory uncertainty, short selling, and scams. But, as the market and cryptocurrencies as an asset class continue to see improvements in infrastructure and regulation, Cheesman explained that a growing number of investors will recognize cryptocurrencies as robust and legitimate stores of value.

What do you think?

Leave a Reply

Fantasy Sports Giant FanDuel Partners with Dash for ‘Crypto Cup’

Denmark’s Largest Bank May Have Facilitated up to $150 Billion in Money Laundering