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[Searing]

I think it is the same old same old, whenever BTC/Crypto takes a run at All-Time Highs, finance and gov't set in to try and slow it down. Either by regulations

to disrupt price or slow down adoption. Rinse/Wash/Repeat.

https://blockchain.news/news/coinbase-ceo-warns-exiting-president-trump-may-drop-crypto-wallet-regulation-bomb

today

https://www.coindesk.com/brian-brooks-crypto-clarity

Anyway, the 'usual' vague or misleading regulations that will have to be tweaked in that will likely will be rushed out as 'un-doable' and will spend 6 months at flat/down or sideways price

on BTC/crypto until resolved. I can tell you right now if we have to do KYC on anything going through a USA exchange....well...I'm out and using foreign exchanges with regular KYC then.

Seen this tune before, get some fiat together to buy in at the low. How the big money and it link to corporations and powerful...play the BTC/Cryptosystem.

In my own view, before the above tricks by gov't and regulating exchanges, we would be over $20k at the end of 2020.

As it is now if we just wait say 4-6 months for this all to get resolved in an adult manner my best guess  at what is likely to be a confusing or undoable regulation and  (hopefully briefly)

about $12k BTC. If regulation is 'doable' in some manner BTC'/crypto would bounce right back price-wise. We will see I guess withing the next 6 weeks before the changeover  to the

Biden Administration...and we get back to ATH areas. So, I'm making the 'call' cheap coin boys....between FOMO and Regulators..I'd settle for 'sideways price-wise till tweaked/resolved) 

IMHO, the above is 'speculation' but I'm betting a bit more and a bit odd to boot.

Shit flows downhill, and BTC/Crypto has 'scared' the shit out of everyone of any wealth/power/banking...so time for the 'traditional' 'for your own good" slapdown! Cheap coins!

Brad

[arapgeceleri]

I have been following the predictions made by CitiBank CEO for a long time and there have always been good predictions. we need to follow this guy more.

[darewaller]

It works when people wants it to work and it fails when people wants it to fail. If you see a resistance at a high price, go that far and not go beyond it, it is not the resistance that made you stop, it is the people who stopped at that resistance, they have very well easily the option to go above it, if the sellers withdraw their orders and buyers increased theirs and continued without withdrawing, the price would have been increased over resistance price without a worry, which happens time to time as well and breaks well over resistance points, multiple of them in a single run.

Same goes for support, as long as people with bitcoin keeps selling bitcoin and there are no buyers, the support line can't hold forever. This is why there are some guide points for bitcoin to move but the reality is that, it is the people that decides if we move beyond those points or not, sometimes we do care about them, sometimes we do not care about it at all.

[bitterguy28]

~
More and more people are getting involved in the crypto space, which is great for adaptation. That's the biggest takeaway for me here, and more Citibank clients could be interested in it.

well, of course there will be more and more people who are interested in cryptocurrency because more and more people are talking about it and I think that many digital currencies that are currently circulating are adopting blockchain technology which is very good and can be the best reference so that it can increase the use of cryptocurrency.

Even banks are adopting Blockchain thats why there are some of them that is being friendly towards crypto community Because they have learn the idea
that Crypto is not Against Fiat and this market is going bigger and bigger that they might have the opportunity to Get a Slice of cake from crypto.

Look how they are acknowledging Bitcoin and other alts now when at first total denial is what they do.

[Paycoinzzz]

In his opinion, the FED's policy and the aggravation of the situation with COVID-19 have created a similar market environment, which will push the quotes of the first cryptocurrency to $ 318,000 by December 2021.

Well, I was really stunned to read this passage. How can the value of Bitcoin rise more than x10 while the economy is in a heavy recession? There have been many people using TA for long-term analysis but most of them are wrong. To have a value of x10 in the future, it needs to combine both FA and TA to be able to make an accurate statement.

Once again I was disappointed with these celebrities, they played the role of fomo and only knew how to redeem themselves. I really do not appreciate this CitiBank comment because it is not realistic!

[AndySt]

Well, usually such loud forecasts are not just born. The forecast was published just during the height of the bull run. When the price was getting ready, the ATH of bitcoin was already being updated. Such a forecast could appear as an additional incentive to buy bitcoin. After all, we already remember similar forecasts in 2017, when predictions that bitcoin would cost 500,000 and even a million were poured from everywhere. But it was just a game for the audience.
Regarding the economy, well, despite the difficult times and the pandemic, this does not prevent bitcoin from growing in price. Just in times of macroeconomic instability and monetary insanity, many are switching to bitcoin to storage value and hedge risks.

I also wanted to say in a similar vein that the difficult economic situation on the contrary can help spur the rise in the exchange rate price of bitcoin, because indeed investors can consider bitcoin as a protective asset due to its potential deflation and limited issue. Also, do not forget that the main means of fighting many States have chosen to print a lot of money, which can also help to raise the exchange rate.

[RealMalatesta]

Regulations are something we need to be careful against because they are there to slow it down and make people not get rich all of a sudden to challenge authority without paying for it.

However regulations are there to make sure you are protected as well, so at one side you are protected by governments with regulations so that your money is safe and you are not going to bankrupt as easily or get scammed or hacked that easily and will be compensated thanks to regulations allowing insurance companies to work with you, these are all awesome.

But, you are losing that advantage of crypto gives you to be off the grid from financial world while still making you a ton of profit with multiple rates of return for your investment in any moment it could happen.

[redsun114]

Many banks probably have reports on crypto that wasn't made public, and many of them probably talks about the same way, it is something that has a great potential but very risky as well. The decisions to get involved with these things are done by people who are at the top and they are usually old people as well, so it is going to be something very tough to get these huge companies involved with crypto.

Look at Warren Buffet, dude rarely gets involved with stocks he doesn't understand and that is in the stock world he is so mastered in, you think he would go into crypto? At ripe young age of 90?? There is no way that world will go towards billions of dollars into crypto that quickly, we need some younger generation at the top of these companies for that to happen.

[verita1]

From the first moment in which the stablecoins digital of the governments begin to come into operation, more digital coins will come to enter the game.
It is a matter of time to see the announcements of the banks because times have changed and they have shown that they need to evolve to new technologies such as blockchain.
Bitcoin opened the gap by creating a monetary network and is now more visible to everyone and will make banks adjust to it.