All Eyes on Bitcoin Regulation Post-US Elections, Institutional Poll Suggests ⋆ ZyCrypto
The post All Eyes on Bitcoin Regulation Post-US Elections, Institutional Poll Suggests ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Bitcoin and crypto assets are popular in investor portfolios after recording a significant price jump. This year, Bitcoin has set two new all-time highs, the firsts after the approval of spot ETFs in January and after Donald Trump’s massive win at the U.S. polls. Bullish price highs and institutional inflows have increased retail popularity and adoption, turning attention to an important issue. Investor Gaze Focused on Regulation A new CoinShares institutional survey shows regulation is a major factor hindering a huge influx of investors. The survey polled participants who cover a total of about $900 billion in assets under management (AUM). Per the release, fear of the United States leanings has hindered in the space. More than 30% of participants noted that regulation prevents them from investing more, while 19% picked frequent market volatility. Other factors include corporate restrictions, reputation risk, and custody. Many suggest these factors are related to regulations and could be cleared up following a Donald Trump win today. This analysis from wealth managers comes despite the approval of spot Bitcoin ETFs in January, which gave the asset class an additional layer of legitimacy. Regulations have now taken center stage after the elections, with stakeholders looking to change the narrative. “For those investors who already have invested, regulation and political concerns remain stubbornly at the top of investor concerns despite the significant strides made in regulatory approval of Bitcoin and Ethereum ETPs.Investors seem much less concerned with protocol design and hash power concentration.” CoinShares wrote. Advertisement   Market Awaits Trump’s Regulations Ahead of the election, former U.S. President Donald Trump campaigned on key issues, including Bitcoin regulation and the government’s approach to the asset. At the 2024 Bitcoin Conference, Trump hinted at a strategic reserve pledging to stop the war on the asset. The…
Filed under: News - @ November 15, 2024 8:27 pm