Cryptocurrency

Future Forecasts for Bitcoin, Ethereum and Altcoins from 4 Famous Names

Bitcoin and altcoins have been somewhat quiet this month, amid growing pressure from regulators. Analysts and investors closely follow the daily developments. Insider, an insights platform, talked to line managers on personal and institutional investors, NFTs, and DeFis this time around, and got clues about what might happen next. Here are the details…

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Colin Pape: Regulation destroys Bitcoin and altcoins!

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On the increasing pressures of Bitcoin mining and trading in China, Colin Pape, the founder of the decentralized search engine Presearch, made the following statements:

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Regulation will destroy crypto. We’re actually seeing things like the pressures on Bitcoin mining in China and the reviews on global exchanges like Binance causing panic in the markets. Governments should be on the side of innovation, but right now many governments are stepping in and trying to regulate a segment they don’t fully understand.

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Pape also hopes that cryptocurrencies will be given the space to thrive and bring real freedom and financial stability to “the disillusioned people as they always are.” On the other hand, some strategists follow the fluctuating movements of the crypto market closely. Pape adds:

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There are many factors that can cause price fluctuations, including regulation and the upcoming Ethereum upgrade (on Aug 4). Staying rational is valuable when it comes to making decisions.

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Explosion in new crypto artifacts after Bitcoin (BTC)

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With crypto being one of the biggest stories in the financial markets right now, the number of apps with a crypto option is growing. Cryptocoin. com

Matthew Gould, founder and CEO of blockchain domain provider Unstoppable Domains, whose views we cite , has this to say about the new crypto artifacts:

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Investment and banking apps will continue to offer features that support crypto and make it easier for people to diversify their portfolios. This will provide a gateway for people to start participating in the crypto ecosystem, whether by sending Bitcoin or Ethereum to their friends. Buying NFT or joining DeFi may also be among the innovations adopted.

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Additionally, Diogo Monica, co-founder and leader of crypto bank Anchorage, explains that he envisions the integration of cryptos with classical financial instruments:

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Fintechs and classic banks will begin to offer more crypto artifacts to stay competitive and bring efficiency to their businesses. Crypto rewards will replace credit card points, adding real and exciting value to customers.

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More built-in pillars in payment apps

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Also, when it comes to the payment procedure in cryptocurrencies, Matthew Gould, CEO of Unstoppable Domains, adds the following statement, emphasizing that transfer tools such as Paypal and Venmo include crypto.

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With the rise in institutional adoption, all crypto projects need to operate at a higher level to compete and meet the demands of a growing client base. We’ve seen payment apps like PayPal, Venmo, and Cash App start to gain footing. And I see this as a step in the right direction to make crypto ubiquitous on a global scale.

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NFTs are rapidly adopted

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Finally, Matthew Gould answers the final question by summarizing cryptocurrencies since COVID-19, highlighting reasonable headlines:

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There’s no doubt that the pandemic is accelerating digital trends, from the shift to remote work to the adoption of NFT and volatile crypto prices. More specifically, the popularity of NFTs has grown significantly. Humans want to take ownership through NFT use cases like trading cards, domain names and cryptocurrencies. In the 18 months since the pandemic began, the trajectory of crypto has permanently shifted to the upper truth as humans have become more educated and more comfortable using and interacting with digital technology, and there is no longer a look back.

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