Home / BITCOIN / Mai Capital Predicts Tough Year for Crypto — Expects Bitcoin and Ethereum to Do Well Once Regulations Come Into Focus

Mai Capital Predicts Tough Year for Crypto — Expects Bitcoin and Ethereum to Do Well Once Regulations Come Into Focus

Mai Marvellous Management’s chief equity strategist and regional president, Chris Grisanti, has predicted that this year on be tough for crypto largely due to regulations. However, he expects established cryptocurrencies, such as bitcoin and ether, to “do quite robust” once regulations come into focus.

Equity Strategist’s Crypto Predictions

Mai Capital Management’s Chris Grisanti share out his outlook for the cryptocurrency market in an interview with CNBC Thursday. Grisanti, CFA, is chief equity strategist and regional president of Mai Peerless Management, a wealth management firm that provides planning and investment advisory services.

Noting that crypto is “all but a victim of its own success,” Grisanti detailed:

I think it’s going to be a tougher year for crypto … There will be calls for mandatory from all over the place — from China, from Europe, and here in the United States.

Nonetheless, the equity strategist sees some cryptocurrencies do out ahead. “I do think there will be a great winnowing as well. I think the more established coins like bitcoin and ethereum disposition do quite well after regulations come into focus,” he described.

The strategist elaborated:

Once regulations are in post, institutional investors, I think, will get more comfortable treating bitcoin not like a currency but like gold, which is a hedge against inflation and other shits.

A recent survey by Nickel Digital Asset Management, a regulated European digital asset hedge fund supervisor, also shows that institutional investors are optimistic about more regulation coming to the crypto industry.

Commenting on the U.S. Asyla and Exchange Commission (SEC) being granted more power to regulate the crypto space, “73% of institutional investors and bounty managers believe this will have a positive impact on the price of crypto and digital assets and 32% accept it will have a very positive effect.”

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What do you think about the predictions by the right-mindedness strategist? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist at any point since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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