As the crypto sector tries to emerge from last year's bear market, a former stockbrokerwidely known as the "Wolf of Wall Street" Jordan Belfort, presented a forecast for bitcoin (BTC) for 2023.
During The Wolf of Wall Street podcast, whereMonarch crypto wallet founder Robert Beadles was invited, Belfort noted that amid increased talk of bitcoin regulation, any form of legislation would be a bullish catalyst for the first cryptocurrency:
I think you will agree that in general the price of an asset class under regulation will be bullish.
Earlier, Belfort noted that the regulation of the crypto market would have made it impossible for FTX to collapse, which means that its clients would not have lost so much money.
Regardless, with the American government printing money and inflation inevitably rising, it is likely that the main cryptocurrency will increase in value.
There is an opinion that the current rally in bitcoin is caused by a slowdown in inflation in the United States, which allowed us to hope for an easing of the Fed's monetary policy.
In this regard, Beadles noted that the stability of the bitcoin blockchain during both the bear market and the bull market secures its place in the financial market.
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