Expert believes that there is a bias towards digital assets
A fairly small percentage of cryptocurrency assets are used in illegal transactions, as stated in numerous studies. This opinion was expressed by the former head of Coinbase, the current head of Figure Asiff Hirji. He is sure that the requirements of regulators for digital assets are overstated.
“If we apply the rules that are used today in relation to the regulation of cryptocurrencies to all global payment mechanisms, our money will become completely illegal. No country will allow the circulation of funds,” the expert said.
According to Hirji, cryptocurrencies can significantly reduce transaction costs. Interestingly, as early as last year, the media, citing former intelligence officer Michael Morell, wrote that the extent of the use of BTC in illegal operations was greatly exaggerated.
The requirements of regulators for crypto projects and the recent fall in the market do not scare investors from MicroStrategy Inc. Its chief financial officer Phong Le said that the company plans to continue to invest in bitcoins.
“Our bitcoin strategy comes down to Buy&Hold. Therefore, if there is excess cash flow or other ways to raise funds, we continue to invest in the first cryptocurrency,” said the top manager.
He did not announce specific plans for the purchase of the main digital coin for the current year. But according to Le, MicroStrategy, which has about 124,000 bitcoins worth more than $4.6 billion, does not intend to sell its crypto assets.
The investment company ARK Invest believes that by 2030 the BTC rate may rise to $1.36 million, and the capitalization of ETH — up to $22.5 trillion. Analysts explained their forecast for bitcoin with the hope of its legalization by various countries as a payment instrument and the growth of the relative share of cryptocurrency in the capitalization of global assets.
Experts pointed to the “healthy” network metrics of the BTC blockchain. In particular, they noted the growing number of accumulating bitcoin addresses and the coins they own. And what do you think about it?
