1 week ago
Crypto argumentation developments whitethorn effect successful a Bitcoin rhythm apical of implicit $150,000, according to the caput of US astatine Foresight Ventures.
Improving regulatory clarity successful the United States whitethorn propulsion Bitcoin past $150,000 during the existent marketplace cycle, according to Alice Li, concern spouse and caput of US astatine crypto task superior steadfast Foresight Ventures.
Speaking during Cointelegraph’s Chain Reaction X Spaces amusement connected June 3, Li said the crypto market’s 2025 rally has been mostly driven by shifting US policy.
“One of the strongest drivers is decidedly the argumentation change,” she said, referencing US President Donald Trump’s Bitcoin reserve approval and stablecoin argumentation developments arsenic the main catalysts for Bitcoin (BTC) terms upside successful 2025.
“Stablecoin volition beryllium 1 of the strongest places that I would put agelong term,” she added, citing regulatory advancement successful the US.
Source: CointelegraphRelated: Blockchain Group adds $68M successful Bitcoin to firm treasury
Li’s comments travel arsenic the manufacture is awaiting a afloat Senate ballot connected the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which aims to acceptable wide rules for stablecoin collateralization and mandate compliance with Anti-Money Laundering laws.
The passing of the authorities whitethorn animate different large jurisdictions to travel suit. The GENIUS Act is simply a “good start,” said Li, adding:
“It has acceptable a large innovation frontier for the remainder of the world, and I judge that each the different countries, particularly Asian countries, Singapore, and Hong Kong, volition rapidly follow.”Hong Kong has already adopted an enactment akin to the GENIUS Act, said Li, referring to the Stablecoin Bill passed by Hong Kong’s Legislative Council connected May 21, enabling large fiscal institutions to use with the Hong Kong Monetary Authority to go licensed stablecoin issuers, arsenic the measure is expected to walk earlier the extremity of 2025.
Image of the legislative assembly session. Source: Johnny Ng Kit-ChongRelated: James Wynn’s 2nd $100M Bitcoin bet: ‘They are hunting me’
Bitcoin to $150,000 if Fed cuts rates
More crypto regulatory developments whitethorn laic the instauration for a Bitcoin rhythm apical of implicit $150,000, said Li. “I’m a beardown believer successful Bitcoin and the crypto market. So I deliberation Bitcoin could spell to astatine slightest $150,000 successful this cycle.”
The year’s archetypal involvement complaint chopped from the US Federal Reserve whitethorn importantly bolster Bitcoin’s terms momentum, she added.
Fed people involvement complaint probabilities. Source: CME Group’s FedWatch toolMarkets are presently pricing successful a 95% accidental that the Fed volition support involvement rates dependable during the adjacent Federal Open Market Committee (FOMC) gathering connected June 18, according to the latest estimates of the CME Group’s FedWatch tool.
Meanwhile, crypto VC deals deed their lowest monthly number of conscionable 62 concern rounds successful May, resulting successful $909 cardinal raised for the industry. Some analysts person pointed to macro-specific and “seasonal” liquidity patterns down the pre-summer slump.
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