BitOoda, a digital asset and financial technology company, published a report in which it evaluated the events that took place last week and deeply affected the crypto money industry.
“They can avoid investments in bitcoin and altcoins”
Evaluating many developments from El Salvador’s Bitcoin move to the SEC’s warning letter to the Coinbase exchange, the company commented, “Our past experience is that this warning of the SEC has created a problem that can be resolved in a few quarters and due to the pressure in the regulations, people may avoid Bitcoin and especially altcoin investments.” .
“Bitcoin is in a good spot for investment by corporate companies”
In the report, which stated that crypto money regulations in the USA are far from permanent at the moment, it was stated that Bitcoin is the best crypto for institutional investors:
“At this time when the regulatory system in the US is far from settled, the Commodity Futures Trading Commission (CFTC)’s view of Bitcoin as a commodity and the presence of Bitcoin-compatible products in the CME makes the largest cryptocurrency a good fit for corporate companies. puts it in position”
Current Bitcoin price keeps miners strong
In the report, which stated that the mining figures are still “solid” despite the decrease in the earnings of the miners and the difficulty increased by 4.5%, it was written that this situation places an extra burden on the miners in matters such as worker payments, overheads and depreciation.
It has been stated that the current Bitcoin price is an advantage for miners, and even with the old S9 mining devices, they are strong against sharp spot and electricity price fluctuations. It was evaluated that this situation is an advantage for US miners to provide hosting services to other miners coming from outside.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.