A popular crypto trader expects the government to crack down on the industry but not as quickly as some doomsayers believe.
The pseudonymous crypto strategist Credible ບອກວ່າ his 337,700 Twitter followers that he’s concerned by news that part of the Congressional Democrats’ new spending bill includes a provision for the IRS to receive $80 billion in funding plus the potential to hire 87,000 new employees.
The analyst believes regulatory crackdown and tax scrutiny on crypto investors are likely to cripple the industry, but there is still one very bright spot on the horizon before the markets get torpedoed as one last mega-rally outpaces the slow march of government.
“Probably leads to the next multi-year bear [market]. A dot-com-era bust fueled by new regulations across the crypto space that wipes out 90% of what’s out there right now.
We still haven’t seen a major cleansing yet but it’s bound to come in my opinion.
One more new all-time high first though – regulators move slowly.”
When it comes to Bitcoin (BTC), Credible follows up on an August 8th tweet where he ກ່າວວ່າ he doubted the strength behind last week’s rally and was watching for more price dips after the initial correction.
The chart guru is now ເຊື່ອຫມັ້ນ that the BTC run-up was in fact a bluff and he anticipates some choppy downward action which ultimately takes Bitcoin below $22,000.
“Was right to be skeptical of that rally, looks to have been a fakeout.
Just tapped that local demand region I was eyeing earlier and I think we may see some short-term relief off of it, but looking for a rejection at RED and continuation down to our original targets.”
At time of writing, Bitcoin is trading for $23,962, a 6% increase in the past 24 hours.
ຢ່າພາດການຫຼິ້ນໃຫ້ເກີນແມ່ນ - ຈອງ ເພື່ອໃຫ້ໄດ້ຮັບການແຈ້ງເຕືອນອີເມວ crypto ທີ່ສົ່ງໂດຍກົງໃສ່ກ່ອງຈົດ ໝາຍ ຂອງທ່ານ
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ການປະຕິເສດ: ຄວາມຄິດເຫັນທີ່ສະແດງຢູ່ The Daily Hodl ບໍ່ແມ່ນ ຄຳ ແນະ ນຳ ດ້ານການລົງທືນ. ນັກລົງທືນຄວນເຮັດຢ່າງດຸ ໝັ່ນ ເນື່ອງຈາກການລົງທືນທີ່ມີຄວາມສ່ຽງສູງໃນ Bitcoin, cryptocurrency ຫລືຊັບສິນດິຈິຕອນ. ກະລຸນາຮັບຊາບວ່າການໂອນຍ້າຍແລະການຄ້າຂອງທ່ານແມ່ນຢູ່ໃນຄວາມສ່ຽງຂອງທ່ານເອງ, ແລະການສູນເສຍໃດໆທີ່ທ່ານອາດຈະເກີດຂຶ້ນແມ່ນຄວາມຮັບຜິດຊອບຂອງທ່ານ. The Daily Hodl ບໍ່ໄດ້ແນະ ນຳ ໃຫ້ຊື້ຫຼືຂາຍຂອງຊັບສິນດິຈິຕອນໃດໆຫລືຊັບສິນດິຈິຕອລ, ຫລື Daily Hodl ເປັນທີ່ປຶກສາດ້ານການລົງທືນ. ກະລຸນາສັງເກດວ່າ The Daily Hodl ເຂົ້າຮ່ວມໃນການຕະຫຼາດເປັນພີ່ນ້ອງກັນ.
ຮູບພາບທີ່ສ້າງຂຶ້ນ: StableDiffusion
ຮູບພາບທີ່ໂດດເດັ່ນ: Shutterstock/Natalia Siiatovskaia
Source: https://dailyhodl.com/2022/08/11/analyst-predicts-imminent-regulations-will-trigger-crypto-cleansing-heres-the-silver-lining/