Partner of the Spartan Group cryptofauna Kelvin To identified several factors that will very soon trigger a new rally of bitcoin.
In his opinion, there are four fundamental factors that will cause massive market movement and will help the first cryptocurrency to take new heights.
First, is the legalization of the cryptocurrency industry in the largest economies in the world.
Over the past few months we have seen countries such as Germany, India and South Korea are preparing a legal framework to regulate transactions in digital currencies. This list will soon be joined by many other countries, and investment in bitcoin will be part of the financial system.
Second, the rise of China and other States in the direction of launching national cryptocurrency (CBDC) will also stir interest in bitcoin, I’m sure Kelvin Ko. The world will see the infrastructure for transactions with coins that will simplify the use of any cryptocurrency.
The third factor partner of the Spartan Group called the policy of the Federal reserve system of the United States.
According to him, the U.S. regulator seeks to ensure stability of the stock market and promises smooth, if necessary, to buy bonds. If the stock indicators, which correlates BTC will steadily be added, and it is the first cryptocurrency to gain capital.
The fourth driver of growth in bitcoin Kelvin Koh has called the planned launch of cryptoprocta Libra. The analyst believes that if the output coins Facebook will take place, we will see a new surge of interest in cryptosphere. Bitcoin will benefit from this, as it is an integral part of the industry.