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Regulators will bring Bitcoin price down to zero – UBS Wealth

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BITCOIN COULD BE HEADING TO 65K NEXT ON WEEKLY! SHORT TERM CORRECTION FOR BTC FIRST?

Regulators will bring Bitcoin price down to zero - UBS Wealth

Regulators will bring Bitcoin price down to zero – UBS Wealth
CONTENT

  • Cryptocurrency price could drop to zero if authorities ban digital coins circulation

  • In the near future, bitcoin can grow to $ 100 thousand

  • Experts predict a rise in the price of a cryptoasset to $ 400 thousand

International consortium of news organizations developing transparency standards.

Experts from one of the largest investment companies UBS Wealth are confident that cryptocurrency rates in the long term can go down to zero under pressure from regulators.

Regulators will bring Bitcoin price down to zero - UBS Wealth

The strategists of the investment company UBS Wealth are confident that in the long term the price of the cryptocurrency can roll back to zero, so they recommend that novice investors be careful about investing in bitcoin and other digital coins. According to experts, the main reason for the possible collapse of cryptocurrencies is strict market regulation, which will ultimately create unbearable conditions for the circulation of digital assets..

Regulators versus

The authorities of many countries are tightening the turnover of stablecoins, which in the future may become real competition for fiat money. To prevent the collapse of state financial systems, governments are introducing measures to prevent the spread of cryptoassets. The UK, for example, wants to impose tight oversight on stablecoin issuers and related service firms. Unsecured stablecoins in fiat currency will be prohibited.

The US authorities plan to implement a similar initiative. The working group on financial regulation under the Ministry of Finance proposed to tighten control over the circulation of stablecoins, citing the fact that these coins may pose a threat to monetary stability.

Bitcoin will follow the fate of Netscape and Myspace

Regulators will bring Bitcoin price down to zero - UBS Wealth

It is likely that a similar fate will await other cryptocurrencies. As soon as they create a real threat to fiat money, they will immediately fall under the ban of the authorities..

“In our opinion, there is little that can stop the collapse in the cryptocurrency market if regulators increase the pressure,” said experts, including Michael Bolliger, chief investment officer of Global Emerging Markets..

They believe the industry will face the fate of Netscape and Myspace, applications that enjoyed widespread popularity but ultimately disappeared..

According to UBS Wealth experts, investing in cryptocurrencies can really bring quick profits, but investing all your funds in bitcoin and other coins is definitely not worth it. Market professionals urge novice investors to invest in multiple assets, including traditional instruments like stocks.

Bitcoin rate will continue to grow, but do not flatter yourself

Despite the pessimistic forecasts, UBS Wealth experts do not deny that the bitcoin rate will continue to grow in the near future. Several factors will contribute to this, including market sentiment, institutional money inflows and limited supply. However, this trend will not last long on the market, so you can make money on Bitcoin only in the next few years..

Investors and analysts predict that the price of bitcoin will rise to the level of $ 50 thousand. This idea was expressed by Anthony Trenchev, managing partner and co-founder of Nexo..

And co-founder of Fundstrat Global Advisors Tom Lee expects Bitcoin to perform “even better than 2020” in 2021. The growth of cryptocurrency above previous highs is supported by people’s doubts about the status of the dollar. The current weakness in the US dollar is leading many people to believe that savings are best stored in digital assets. The expert believes that bitcoin can grow to $ 90-100 thousand by the end of the year.

Regulators will bring Bitcoin price down to zero - UBS Wealth

Other investors support similar forecasts. Scott Meinerd of Guggenheim Investments said bitcoin could be worth around $ 400,000, while JPMorgan Chase strategists & Co Sees $ 146,000 Long Term Deal.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

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