Bitget: If the market is controlled, large investors will come there
Bitget: If the market is controlled, large investors will come there
▶ Gleb Jout said that a warming in the cryptocurrency market should be expected in the second half of 2024
The head of Bitget in the CIS, Gleb Jout, reported on some changes in the crypto sphere and how they will affect the industry. Today, not only the infrastructure of the crypto market is changing, but also its structure, the arrangement of the main players and development vectors.
“For a long time, the market developed chaotically: large players played by their own rules, and cryptocurrencies themselves began to be associated with something illegal and bad, a means of money laundering. Today, everything is changing: cryptocurrencies are becoming more and more popular, and crypto companies must comply with common standards. I see certain benefits in this: if the market is controlled, large investors will come here. Today we see attempts by the same BlackRock to launch a Bitcoin ETF. If this happens, billions of dollars will pour into the sector. Therefore, regulation is an important and necessary step,” Jout said.
He noted that it is now difficult to predict, due to volatility, how the market will move. However, the expert believes that “warming should be expected in the second half of 2024, after the completion of the next Bitcoin halving, the US presidential elections, and the creation of a unified regulatory framework for regulating the circulation of crypto assets.”
“In my opinion, 2024 will be a time of global change that will affect everyone. Next year, the very conditions of the cryptocurrency market will change: many shieldcoins will be forgotten, but the technology itself will find application in other industries, Web 3.0 will increasingly penetrate our lives, and we will be identified by a retinal or fingerprint, cryptocurrency payments will become more accessible “, noted Jout.
However, not all analysts are so positive. Berkshire Hathaway Vice Chairman Charles Munger believes that most investments in crypto assets will be completely worthless.
“Don’t get me started on Bitcoin. This is the stupidest investment I’ve ever seen,” Munger, 99, said recently.
Do you agree with him? Or is the elderly billionaire not versed in modern trends?
