Bank of America predicts that the crypto market capitalization will grow to $30 trillion – Bits Media

Bank of America strategy specialists believe, that regulation of the cryptocurrency market will increase confidence and record-breaking growth in its capitalization.

Bank of America cryptocurrency expert Alkesh Shah (Alkery Shah) Clarified: cryptocurrencies are moving in the wrong direction, which they predicted by Bitcoin creator Satoshi Nakamoto (Satoshi Nakamoto). Shah explained, that Satoshi created BTC in response to the financial crisis 2008 of the year, believing, that everything should be decentralized and anonymous.

Analyst added, that due to regulation the crypto industry has become less decentralized and reliable.

“Ultimately we need some governance and some level of trust, and regulators want to ban, when something goes wrong. And that's really it, what is the real ecosystem of digital assets. That's why it was able to increase by $1.5 trillion over the past three years. Because this part of the ecosystem is not a pure vision of Bitcoin and the blockchain.", — Shah explained his point of view.

Bank of America strategist predicts significant growth in crypto industry.

"I think, what $30 трлн для полудецентрализованной части экосистемы криптовалют вполне реальный капитал», — считает Шах.

Полудецентрализованная система, по мнению эксперта, представляет собой блокчейны, которыми скрытно управляют централизованные организации.

Многие эксперты считают, что криптовалютный рынок требует регулирования ради роста доверия общества. Also in 2018 году глава ВТБ заявил, that the cryptocurrency market needs tough
regulation. IN 2019 ex-chairman of the US Securities and Exchange Commission
(SEC) Jay Clayton (Jay Clayton) stated, that Bitcoin regulation needs to be improved, before cryptocurrencies can be traded on major exchanges. IN 2022 Bloomberg senior commodity strategist Mike McGlone (Mike McGlone) expressed
opinion, that already this year the mass adoption of cryptocurrencies will begin in the United States with the necessary regulation and subsequent market growth.