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Industry insiders: BTC has become a mainstream investment tool, but if the new leadership of the US SEC adopts a conservative attitude, it may lead to a decline in market confidence

Industry insiders: BTC has become a mainstream investment tool, but if the new leadership of the US SEC adopts a conservative attitude, it may lead to a decline in market confidence

Bitget2024/12/02 02:29

Fu Rao, the executive director of the Hong Kong International New Economy Research Institute, pointed out that Bitcoin, as an important part of the digital economy, has gradually transformed from a speculative asset to a mainstream investment tool. Despite the long-term positive trend, short-term market sentiment and speculative capital flows may lead to price corrections. Investors need to be wary of market risks brought about by excessive optimism.

The friendly policies towards the cryptocurrency industry by Trump's administration will continue to provide strong support for Bitcoin. However, what needs caution is that there might be uncertainties in the specific implementation process of these policies. For example, if new leaders at SEC adopt a conservative attitude towards Bitcoin it could lead to a decline in market confidence.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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