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Jordan Belfort, a former stock broker commonly known as the “Wolf of Wall Street,” took a look at The Wolf of Wall Street podcast to assess the prospects for the flagship crypto asset for the current year. The expert noted that there is more and more talk about the regulation of the digital asset segment, which could become a bullish catalyst for bitcoin in the future.
Belfort himself remains a supporter of the development of an effective regulatory framework for the crypto segment. According to the entrepreneur, the flagship cryptocurrency will only benefit from this. He also stressed that if world governments continue to print money uncontrollably, then more and more users will see bitcoin as a reliable tool to protect against inflation.
It is worth noting that a regular meeting of the Federal System will be held tomorrow, following which a decision on the key rate will be announced. Over the past year, the department increased it by 4.25%. Now the markets are laying a very high probability that the regulator will limit itself to 0.25%.
Also, special attention will need to be paid to the speech of the head of the Fed, Jerome Powell. If the rate does indeed increase by only 0.25%, with Powell clearly hinting at the dovish stance of the regulator, then most digital assets will receive their dividends from this.
On the other hand, if the refinancing rate rises by 0.5%, such an outcome will come as a surprise to most investors. In this case, the development of a massive wave of sales in the cryptocurrency market cannot be ruled out.
Earlier, the editors of Crypto.ru informed that large investors became more active in the Dogecoin system. According to Whale Alert, a certain cryptokit transferred about 450 million in a short time and now controls over 1.1 billion DOGE on its balance sheet.
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