Bloomberg: The new U.S. SEC Chairman is "almost certain" to make the regulatory environment for the crypto market less hostile
Bloomberg columnists Marcus Ashworth and Mark Gilbert's key message for 2025 is: Fasten your seatbelts, it's going to be a rollercoaster ride.
Regarding the future of Bitcoin, they pointed out that Nobel Prize-winning economist Paul Krugman posted on the Bluesky social platform last month stating that although Bitcoin has surpassed $100,000, there still isn't a legitimate use case even after 15 years.
The recent surge in Bitcoin prices has at least one identifiable catalyst: hopes that the Trump administration will adopt a more lenient attitude towards cryptocurrencies. This expectation is likely to be realized under the leadership of incoming SEC Chairman Paul Atkins, who is perceived as being more crypto-friendly than his predecessor. The regulatory environment will almost certainly become less hostile.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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