HODL your horses, cryptos face possible hurdles ahead, experts say Reuters 3 hrs ago Renewables-driven mining seen as increasingly important
By Divya Chowdhury
April 27 (Reuters) - Evolving rules, environmental concerns and competition from central banks threaten to undermine many of the world s fast-growing crypto assets, crypto and macro experts said, while creating opportunities for those able to adapt.
Europe and the United States are both working on regulating digital assets and their providers - moves welcomed by investors, who hope the new ground rules will encourage institutional investors to plunge in.
Anatoly Crachilov, co-founder and CEO of Nickel Digital Asset Management, which manages assets worth $200 million, told the Reuters Global Markets Forum that regulatory uncertainty was a drag on the development of the crypto space.
HODL your horses, cryptos face possible hurdles ahead, experts say
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Thanks to the Fed, the High-Risk, Small-Time Borrower Is Becoming a Thing of the Past
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Bitcoin main attraction is its volatility - Raoul Pal
By Reuters
By Divya Chowdhury
Bitcoin s volatility is its main attraction as that is what gives the cryptocurrency its exponential rises, ex-Goldman Sachs bitcoin enthusiast Raoul Pal said. People have to learn to adapt to an asset that is that volatile. it has such a big upside risk-reward skew, Pal, founder and CEO of Real Vision, told the Reuters Global Markets Forum on Wednesday.
The Cayman Islands-based former hedge fund manager said he had a diversified crypto assets portfolio to cover exchanges, decentralised finance (DeFi) and community tokens. I m probably right now 50% bitcoin, 30% ethereum and 20% alternative tokens. to try to keep a balance across the whole space, because I don t really know what s going to win in that space and what s not.
Is the bull run over? BTC loses $50,000 as transaction fees surge
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