Analyst: Bitcoin could remain high if Trump provides favorable regulatory environment

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ODAILY
01-23
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Odaily Odaily News reports that Deutsche Bank analyst Marion Labrune said in a report that given the more favorable regulatory and political environment under Trump, Bitcoin is likely to maintain a high level. She said: "Although Trump did not sign an executive order on digital assets on the first day, the announcement on Tuesday that the SEC will develop a regulatory framework for crypto assets is the first step in his government's comprehensive reform of crypto currency regulation." She said Bitcoin will also benefit from the Federal Reserve's loose monetary policy and may see an increase in institutional investors. (Jinshi)

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