The biggest risk the bank sees is that policymakers move too fast and “implement measures that inadvertently inhibit adoption of cryptocurrencies,” and whilst not its base case, “regulators could still in theory adopt a highly restrictive stance on crypto-related services (or prohibit them altogether) that severely inhibit their growth.” Source link … [Read more...] about Morgan Stanley Sees Crypto-Banking Regulation Arriving Faster Than Expected
Expected
Jack Dorsey Expected to Step Down as Twitter CEO: Report
Jack Dorsey, the crypto-friendly CEO of Twitter, is expected to step down from his position as head of the social media giant, according to CNBC.CNBC reported Monday that Dorsey is expected to step down as CEO of Twitter, according to sources.Dorsey is a well known crypto fan, having made several forays into the field both through Twitter and through payments company Square, of … [Read more...] about Jack Dorsey Expected to Step Down as Twitter CEO: Report
Higher Volatility Expected in Bitcoin and Ether
As shown in the chart above, “when implied volatility (options market expectations of future volatility) is substantially higher than realized volatility (the actual price fluctuation during past trading ranges), an increase in the latter is usually around the corner and long volatility options positions pay exponential returns,” Two Prime wrote. Source link … [Read more...] about Higher Volatility Expected in Bitcoin and Ether
Bitcoin Expected to Rise on Taproot Upgrade
“Bitcoin’s chart has likely become too noisy to remain a reliable indicator of the crypto market, conceding that role to ether,” Alex Kuptsikevich, an analyst at FxPro, wrote in an email to CoinDesk. “If so, a break of this strong uptrend could prove to be the first signal of a correction,” which could encourage buying on dips, Kuptsikevich wrote. Source link … [Read more...] about Bitcoin Expected to Rise on Taproot Upgrade
Higher Inflation Expected to Send Bitcoin and Gold Higher Into End of Year
“Our view that there has been a profound paradigm shift in the global economy: The risk of inflation being durably above official targets is now a serious risk, and it is featuring prominently in corporate and household decisions once again,” Deutsche Bank strategists wrote in a research note on Wednesday. Source link … [Read more...] about Higher Inflation Expected to Send Bitcoin and Gold Higher Into End of Year