Full sweep or split Congress, crypto's tailwinds aren't going anywhere. Bitwise's Ryan Rasmussen says regulatory progress and institutional adoption are going to drive Bitcoin…
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Full sweep or split Congress, crypto's tailwinds aren't going anywhere. Bitwise's Ryan Rasmussen says regulatory progress and institutional adoption are going to drive Bitcoin higher once midterm, ra…
Full sweep or split Congress, crypto's tailwinds aren't going anywhere. Bitwise's Ryan Rasmussen says regulatory progress and institutional adoption are going to drive Bitcoin higher once midterm, rate and Iran uncertainty clears "The market's digesting negative news incredibly well right now. What we've seen in prior bear markets, when you get to that point in the cycle where negative news doesn't really have a big impact on price, that's like a coiled spring for when we get through all of this uncertainty." "Will they, won't they hike rates? Will there, won't there be a strike on Iran the day after the midterms? Getting through that uncertainty, I think, allows us to get to a point of clarity and allows the market really to realize all these positive tailwinds." "Whether there's a full sweep in Congress or it's a split Congress going forward, ultimately, we're getting positive momentum from regulators, which is really important. Institutional adoption is moving down the path towards crypto." "As Bitcoin continues to digest negative news extraordinarily well, we're going to be at a point where these positive catalysts start to actually have a big impact."
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