54% of financial consultants think that BTC is profitable, and the SEC will “take a fresh look” at crypto regulation

Bitwise Survey: 54% of financial consultants believe cryptocurrencies can make profits

According to Bitwise research, last year the number of crypto investors among financial advisors grew by 50% compared to 2019. The survey involved 1,000 financial advisors from the United States.

54% of respondents are confident that cryptocurrencies can bring profit, independent of the production process. 25% of respondents noted that the key task of investing in digital assets is to protect against inflation. 81% of financial advisors reported that the number of clients interested in cryptocurrencies increased significantly in 2020.

Survey participants have become more positive about the prospects for bitcoin. 15% of respondents believe that within 5 years, the value of BTC will rise to $ 100,000. In 2019, only 4% of financial experts rated the potential of the first crypto coin positively.

The SEC said that under Joe Biden, the regulator could “take a fresh look” at BTC

SEC Commissioner Hester Peirce spoke at a panel discussion on the future of cryptocurrency regulation after the Joe Biden administration came to power in the United States.

“We still don’t know what crypto is going to become,” she said.

The SEC Commissioner noted the need for the emergence of regulation, which will simultaneously stimulate the development of new technologies and keep criminals at a distance from the crypto market.

“We have seen during 2020 quite a bit of institutional interest and retail interest in Bitcoin and other cryptocurrencies,” Peirce said, suggesting that this would prompt the SEC to “take a fresh look” at cryptoasset regulation in the coming years.

The head of the ECB called the first cryptocurrency a speculative asset

The head of the European Central Bank, Christine Lagarde, expressed the opinion that the first cryptocurrency is a speculative asset that needs regulation. In her opinion, bitcoin has become a prerequisite for the emergence of “ some funny business and some interesting and totally reprehensible money laundering activity.”

“There have to be rules and this has to be applied and agreed globally. Obviously, this should be dealt with by the Financial Action Task Force on Money Laundering,” said Lagarde.

She said that about 8,000 experts took part in the recent conference, where the issue of the digital euro was discussed. Christine Lagarde also stressed that it will take “a long period of time” to create a secure solution. She added that she hopes it won’t take more than 5 years to get ready for the digital currency.