Welcome to this column of weekly crypto review, where we bring to you all interesting news and developments in the crypto sphere for the last seven days. Today, we’ll talk about expert’s opinion on the markets’ volatility, what to expect in Bitcoin’s second decade and much more. Read on to get a taste of what’s been going on in the crypto verse and what to expect in the future.
Experts give his opinion on the crypto market’s volatility
As the cryptocurrency markets continue to trade sideways as trading volume decreases, many traders are beginning to lose patience and interest in the markets. Despite this unusual trading activity in generally volatile markets, one analyst believes that it’s actually a good sign for the future success of the markets.
Rob Sluymer of Fundstrat Global Advisors recently wrote that, although investors shouldn’t get too excited about a pending bull market just yet, there is a reason to be hopeful. Rob went on to add that the low volume, decreased volatility and the bullish divergences that have occurred in the price charts of many large digital coins, could eventually lead to the next Bull Run.
What to expect in Bitcoin’s second decade
Depending on who you ask, the future of bitcoin looks like anything from the next U.S dollar or digital gold, to a total bust that will be nothing but a footnote in financial textbooks. As bitcoin proponents push for more complex financial products, most notably a bitcoin-backed exchange-traded fund, regulators now play a pivotal role in the coin’s future.
Crypto illegal in India
Debjani Ghosh, the president of National Association of software and services companies stated that cryptocurrencies are illegal from the organization’s perspective. He also urged businesses to obey the law.
Based on today’s weekly crypto review, how do you think Ghosh’s statement will impact cryptocurrencies in India?
Share your views in the comments section below