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

[mijasda]

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.

https://www.ccn.com/investor-bitcoin-fell-due-to-regulatory-sell-pressure-will-recover-soon/

[CuriousGeorge]

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.

https://www.ccn.com/investor-bitcoin-fell-due-to-regulatory-sell-pressure-will-recover-soon/

Sounds good for me but sadly there was so many people are still speculating the bitcoin market. you can see that how it has been getting a short pump from 6k to the 6.4k just in a night and then it has been dumping again to the bottom.
the growth of crypto will be unhealthy. ETF has made it even worst because it just like give a negative impact to the market.

[auroboros]

I stated that the same as what Chessman said, I think crypto the current currency is the same as the discovery of new technology in previous times which was used by the public or even predicted by experts in their fields would be useless in the future, but over time, they are all wrong. As ATM technology is called useless technology, the Internet is said at the beginning is an expensive and inefficient thingsl. but we can see them now. I think everyone uses them. and that will apply the same as the crypto currency. slowly but surely, the crypto currency will get its own place in a global economy that continues to grow, and in the future, they will begin to recognize. that Crypto currency is very useful for global economic development. we just wait when that happens

[TheBitcoinBadger10]

The market is quite uncertain. Nothing can be predicted here perfectly. For example when mobile was invented everyone thought it to be inefficient. Who ever thought it would become such popular around the world? Same thought goes for the BTC. It will take time but surely it will get remarkable place in the global economy. The day is not so far when we'll see BTC contributing in the global economic development.

[BTCCavalletto]

This news is not right actually because the price of bitcoin is more than 6500 dollar SO WE CAN ALSO call its avery stable position. It have no chance to fall down because of regulatory policy. Day by day it price will increase more and more.