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Credit Suisse’s former executive says the US regulatory clarity will start a new bull run

Credit Suisse’s former executive says the US regulatory clarity will start a new bull run

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The crypto industry has seen a huge bull run in the second half of 2020 and throughout 2021, finally ending the year with the start of a new crypto winter. After peaking in November 2021, crypto prices started to fall and never stopped. Now, nearly a year later, investors are beginning to wonder when the next bull run will begin, and some experts are offering their take on the current situation.

One of the experts is CK Cheng, a former risk manager at Credit Suisse – a well-known investment bank. Cheng, who left Credit Suisse in July 2021 to finance a new crypto hedge fund, believes the next big crypto rally needs a special trigger – regulatory clarity in the US.

Is regulatory clarity coming?

The move that starts the next bull run is, at least according to Cheng, quite a tough requirement. On the positive side, however, he added that he expects the US to introduce crypto regulations in early 2023. He claims that the country is currently undergoing strong regulatory efforts that will soon open the doors between the crypto industry and traditional finance.

If true, his prediction is likely to come true. After all, the United States is full of institutional investors, entrepreneurs, and others who are just waiting for the country’s regulators to give them the green light before they start investing huge sums in the crypto world. The crypto community is also well aware of this, so any signs of crypto-related laws and regulatory clarity are likely to spark major retail investment.

When institutions finally get the green light to move into crypto, this will certainly bring about quite positive price behavior. The stage is already set for institutional participation, with many companies offering custodial services, crypto wallets, and generally easy ways for institutions to enter the crypto industry as soon as they decide they are ready for such a move.

Institutions are waiting for clarity and regulators are trying to act

One example is one of the world’s largest asset managers, BlackRock, which partnered with Coinbase just last month to offer access to Bitcoin and other cryptocurrencies through Coinbase Prime. Cheng also noted that there is huge interest among institutional investors, and some of them are not even waiting for regulations – they are entering the crypto world right now.

Some may be doing it in an attempt to keep a low profile, while others have been more vocal about it, but are preparing to enter the industry as we speak. He also believes that US President Joe Biden may have inadvertently sent a signal to traditional investors earlier this year.

The most important thing is that institutions do not worry about things like liquidity, scalability, volatility and the like. All they care about is whether the regulations are clear enough or not, and if future laws meet this requirement, the crypto industry will soon receive quite a lot of institutional funding.

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