פארוואס ביטקאָין פּרייַז, וואַליומז וועט באַלד העכערונג

After a long and stagnant spell in recent times, the crypto community is desperately awaiting a strong Bitcoin price rise. In this context of a בער מאַרק, industry insiders are pointing to a rise in investment flow into Bitcoin (BTC) very soon. With this, there could potentially be a resultant BTC price rise, perhaps sometime in 2023 if not by the end of the year. Meanwhile, BTC continues to be swayed by negative sentiments coming from the traditional financial markets scene.

Bitcoin Price Rise Incoming

In a latest, BTC had a sharp fall in price following reports of yet another 0.75% interest rate hike in November Fed meet. Earlier in the day, it was reported that די פעד is planning on another interest rate rise at their meeting between November 1 and 2. In this context, קריסטין סמיט, the executive director of Blockchain Association, made some interesting comments on BTC revival. Speaking to CNBC on Friday, she said there will be a rise in investments and the price of BTC due to macroeconomic revival.

“As we start to see the economy come around, we are going to see the investment in Bitcoin rise and subsequently the price. We could see legislation signed into law before the end of the year.”

On Friday, BTC saw a drop by around 2% after speculation of another 0.75% interest rate hike in November. As of writing, BTC price stands at $19,011, down 1.43% in the last 24 hours, according to price tracking platfrom קאָונמאַרקעטקאַפּ.

Crypto Legislation To Be A Law Soon?

Kristin Smith said the Congress is actively working on signing the crypto legislation into a law. She added that the legislation could be signed into a law before the end of the year. “The Congress is actively working on legislation that would provide additional regulation for the underlying digital commodity spot market. This actually has a real chance of becoming a law before the end of the year.”

Anvesh ריפּאָרץ הויפּט דיוועלאַפּמאַנץ אַרום קריפּטאָ אַדאַפּשאַן און טריידינג אַפּערטונאַטיז. זינט 2016 איז ער פֿאַרבונדן מיט די ינדאַסטרי, ער איז איצט אַ שטאַרק אַדוואָקאַט פון דיסענטראַלייזד טעקנאַלאַדזשיז. Anvesh איז דערווייַל באזירט אין ינדיאַ. גיי Anvesh אויף טוויטטער ביי @AnveshReddyBTC און דערגרייכן אים אין [אימעיל באשיצט]

די דערלאנגט אינהאַלט קען אַרייַננעמען די פערזענלעכע מיינונג פון די מחבר און איז אונטערטעניק צו די מאַרק צושטאַנד. טאָן דיין מאַרק פאָרשונג איידער ינוועסטינג אין קריפּטאָקוררענסי. דער מחבר אָדער די ויסגאַבע איז ניט פאַראַנטוואָרטלעך פֿאַר דיין פערזענלעכע פינאַנציעל אָנווער.