Bitcoin price over $ 6,600. Optimism about the future
The main news of the week is the long-awaited meeting between more than 50 representatives of the cryptocurrency industry, Wall Street and venture capital companies and the Congress in Washington. The companies have asked for greater clarity on the regulation otherwise they will move abroad their businesses. The cryptocurrency industry has a plea for Congress: “Hurry up and regulate, please”.
Experts agree with the forecasts for the future of Bitcoin: next months it could increase thanks to the greater regulatory transparency in the sector, the exchanges between large companies and the crypto adoption by some multinationals. In addition, billionaire investor Marc Lasry told CNBC that the price could reach up to $40,000. Chris Kline on Forbes lists four reasons for this optimism: attractive Bitcoin ETFs, Mastercard’s new patent, institutional adoptions and positive influence of Blockchain.
Furthermore, after a very brief decline Ripple (XRP) is again the second largest cryptocurrency in the world by market capitalization. Now Ripple has a market capitalization of $ 22.2 billion compared to $ 22.1 billion of Ethereum. Bitcoin has a total market value of $ 113 billion dollars.