It isn't just about ETH to GBP values. [Ethereum](/coins/eth) is the most well-known of altcoins, and it's much more than just another cryptocurrency for many investors and enthusiasts. Experts say that this innovative platform could grow in value by 400% in the coming years, making it an appealing option for anyone interested in diversifying their digital investments.

Launched by [Vitalik Buterin](https://time.com/6158182/vitalik-buterin-ethereum-profile/) in 2015, ETH, or Ether, has seen incredible growth since its creation. With a price ranging from a low of $0.311 at launch to an all-time high of nearly $5000 late last year, Ether is a highly volatile currency with plenty of opportunities for those willing to take on risk. And despite recent drops below $2800 over the weekend, Ether still offers a powerful return on investment for individuals who purchase at the right time, representing a lifetime ROI of over 700,000%.

Ethereum's popularity is partly due to its utility as a software network that allows developers to build and power NFTs, apps, and new tools. The blockchain-based software network includes several functions and applications all over the tech globe, especially for decentralised finance (DeFi), gaming, entertainment, and music. With multiple potential uses, it's no wonder Ethereum is one of the most popular cryptos.

Since Ethereum's inception in 2014, its price has been on a rollercoaster ride. ETH cost has fluctuated wildly in the past year, rising from around GBP 100 in early 2020 to GBP 900 by December. And while the current ETH to the GBP exchange rate is around GBP 450, experts believe that Ethereum still has a lot of upside potential. Its annualised ROI since 2014 is nearly 300%, meaning early investors have quadrupled their investment every year.

## So what's driving Ethereum's price projections?

### Ethereum Price Projections

Looking to venture into the cryptocurrency craze, but unsure where to start?

There is no easy answer when it comes to predicting the price of Ethereum or any other cryptocurrency. Many experts agree that it is nearly impossible to accurately predict the future price of a volatile commodity like Ethereum. However, they note that Ethereum has seen tremendous growth in recent months and is poised for even more success in the coming year.

Some have suggested that Ethereum's transition to "Ethereum 2.0" could significantly drive growth in the coming months, making ETH even more appealing and sustainable for widespread use. Will that happen? Who knows - for now, there is no doubt that ETH is an exciting investment opportunity worth keeping an eye on.

Given these variables, here are some expectations for Ethereum's value throughout the year:

### $12,000+
 
The price of Ethereum has been rising in recent months, and Coinpedia predicts it will continue to grow in the coming years. If Ethereum's anticipated Ethereum 2.0 transition is successful, the price could reach as high as $12,962.33 by 2022. The latest upgrades could potentially make Ethereum more cost-effective for users to mint and create products.

With the new upgrades, Ethereum could become a more viable option for developers and users alike, leading to even more growth in the coin price. Only time will tell if Ethereum 2.0 will be a success, but if it is, it could significantly impact the cost of Ethereum.

### $6,500-$8,000

When Coinpedia predicted that Ethereum (ETH) could hit prices between $6,500 and $7,500 by 2022, many in the crypto community noticed. While this bullish sentiment seemed to hold true at first, it quickly became apparent that Ethereum's price would not arise purely from sentiment.

In recent months, the rising price of Ether has captured the attention of investors around the world. According to Henri Arslanian, a global crypto leader at PwC, ETH to GBP is currently "the only show in town." However, demand and functionality will need to improve for the ETH price GBP to continue rising and capture more market share in the crypto market.

Many experts speculate that this can be achieved through advancements in blockchain technology and a growing awareness of Ethereum's capabilities among businesses and consumers alike. For example, Ian Balina has remarked that ETH could potentially reach $8,000 by taking advantage of its leadership position and overcoming its current shortcomings related to high gas prices and slow transaction speeds.

### $4,000-$5,000

ETH is currently in a good place. The cryptocurrency has been on the rise since early 2021 and shows no signs of stopping. Predicting the price of a volatile cryptocurrency is hard, but most experts agree that Ethereum could reach $4,000 again by 2022. In fact, Bloomberg intelligence analyst Mike McGlone recently predicted that Ethereum could end the year between $4,000 and $4,500. All in all, it looks like ETH is slowly but surely climbing up to where it belongs.

## What Drives Ethereum's Price

Ethereum is renowned for being the first blockchain to utilize smart contracts. These innovative features have contributed to Ethereum's popularity and helped it earn a reputation as one of the leading contenders in the fast-growing world of blockchain technology.
However, in recent years, a new wave of ETH alternatives has emerged, bringing similar capabilities and changing the demand dynamics for ETH.

Several key factors impact ETH prices and can potentially influence its value positively and negatively.

## Utilisation and High Traffic

With the advancement of smart contracts and non-fungible tokens on the Ethereum blockchain, artists and creators have taken control of their digital creations in a whole new way. This has been a blessing for the blockchain, as it has helped to grow both the popularity and adoption of Ethereum. However, some view this growth as a curse. The high transaction volume on the Ethereum network has created what some call a "bottleneck" on the blockchain.

In other words, the increased popularity of Ethereum has made it difficult for users to transact efficiently due to congestion and high transaction fees.

In recent years, the popularity of Ethereum has risen dramatically, primarily driven by the growth and success of blockchain-based applications and other decentralized technologies. However, in the meantime, several new companies have emerged that are creating competitive solutions to the existing Ethereum platform.

These add-on solutions, known as Layer 2s, are designed to work on top of the current Ethereum network. In contrast, entirely new blockchain networks - also known as Layer 1s - have been released as potential alternatives to Ethereum. As a result, these emerging competitors have begun to pull users away from the Ethereum blockchain and into their platforms, creating a steadily growing climate of competition within the marketplace.

For investors interested in how these trends could affect the value of their investment in Ethereum, this increased competition is somewhat bittersweet. While it suggests that users are still enthusiastic about blockchain technology overall, it may lower demand for ETH to GBP conversion or ETH price GBP if users opt instead for alternative blockchains with more established track records. Ultimately, only time will tell how these trends affect market positioning for ETH trading and ETH price forecasts within this rapidly changing landscape.

## First Mover Advantage

Ethereum has been a crucial player in the cryptocurrency world since its launch in 2015. Since then, many other cryptocurrencies have entered the market, including some more environmentally friendly than Ethereum. However, experts believe that Ethereum's "first-mover advantage" will help it maintain its position in the market.

Cryptocurrencies are only valuable if a community of users is willing to buy and sell them. Thankfully, Ethereum has a first-mover advantage and a large and committed community of users. This makes it well-positioned for long-term success.

Ethereum, which by market capitalisation is the second-largest cryptocurrency, is well-positioned to meet future demand growth, experts say. Although new blockchains like Solana and Cardano provide similar functionality, Ethereum has a large and active user base that is likely to continue to grow.

Additionally, Ethereum developers have shown a willingness to expand capacity if needed rapidly. For now, it appears like the Ethereum community is content to wait and see if additional power is required. However, if demand increases, Ethereum is well-positioned to meet that demand.

## Competition from 'Ethereum-Killers'
 
In 2021, the terms "cryptocurrency" and "NFT" entered the mainstream consciousness, signaling a growing interest in Web3 technologies and their potential to revolutionize the internet's interaction. With its focus on improved data security, transparency, and user ownership of digital assets, Web3 has quickly become a hot topic in tech circles.

Companies like Ethereum and other leading blockchains like Solana, Cardano, and Tezos have been at the forefront of this emergent movement. Driven by ambitious goals to develop new infrastructure that will power the future vision of a truly decentralised web, these organisations have attracted significant investment from visionary investors who see parallels between today's Web3 pioneers and those involved in the dot com boom of the late 90s.

As more users flock to Web3 platforms, it seems certain that this groundbreaking technology will play a pivotal role in shaping our technological landscape for years to come. Whether it's ETH to GBP conversion or ETH price GBP exchange rates, there is no doubt that Web3 represents an exciting chapter in the evolution of our increasingly connected world.

## The Future of Ethereum

As the saying goes, "April showers bring May flowers." And after a long winter, nothing feels more refreshing than warmer weather and brighter days. For Ethereum, the past few months have been something of a downer. Despite ongoing optimism from the crypto community, Ethereum has been struggling to find its footing following a period of intense volatility. However, there is reason to believe that Ethereum will come back soon.

According to Arslanian, Ethereum currently holds over 90% of the NFT market. He expects this year to be a make-or-break year for the innovative contract blockchain. Zannos similarly believes that Ethereum has what it takes to rebound from its current slump, citing the strong community momentum as a critical factor in its favor.

So, while we wait to see how things will play out, there's reason to believe better days ahead for Ethereum.



ETH to GBP: Is Ethereum the Next King of Crypto?

Wondering where the [Luna](https://lunacrypto.com/) coin will stand in the future amid its recent debacle? Read below to find out what experts say about Luna’s price prediction in 2023, 2025 & 2030.
The crypto market has been experiencing a decline since the start of this year. But, after reaching its highest, the sudden collapse of Luna in May 2022 has further worsened the situation. Today, investors lack confidence in the crypto market. Whereas all the top coins like BTC, ETH, and BNB are also losing their value.

The downfall of Luna has left a severe impact on the entire crypto market. And we might continue to experience its aftershocks for a long time. So, if you’re a Luna investor or not, you must follow the Terra Luna price predictions after the crash closely!

## How did Luna crash?

To understand the Terra Luna debacle, you must know how Terra operates. Terra blockchain works on the swapping mechanism of two coins; UST and Luna. UST is a stable coin pegged with fiat currencies like the US Dollar. This blockchain maintains the stability of UST at $1 by paying you through Luna. Also, its Anchor protocol allows you to get a 20% yield if you buy and deposit UST to it.

But, as a crypto whale bought $285 million of UST with [Bitcoins](/coins/btc), its price drastically decreased to under $1. This led to UST losing its peg to the US dollar, and its native coin, Luna's price, also dwindled. Because of that, holders started to liquidate their profits, causing the entire Terra Luna ecosystem to crash.

As of 23 May 2022, Luna is worth only $0.00019, which was around $116 in the previous month. Comparably, the current price of UST is $0.07112, which was maintaining its price at $1.

## Can the Terra Luna Ecosystem Recover? - Terra Luna Price Predictions

Can we expect the revival of the Terra Luna ecosystem or not? It is almost impractical to guess it because of the high volatility in the blockchain. But, observing the long-term Terra Luna price predictions might help us evaluate the situation. Let’s take a look!

### Terra Luna Price Predictions 2023

According to the DigitalCoinPrice current estimates, Luna will be averaging $0.000273 next year. Its lowest price will be $0.000253, and it can go to a highest of $0.000302.

### Terra Luna Price Predictions 2025

Luna Price predictions for 2025 suggest that it will be averaging $0.000372 and can reach the maximum price value of $0.000400. Yet, the minimum price of Luna will be around $0.000331.

### Terra Luna Price Predictions 2030

The forecast does not suggest Luna go bullish till the year 2030. It will still be maintaining the average price of only $0.000884 in 2030. It might reach the highest of $0.000903, whereas its lowest price will be $0.000848.

## Is Luna Coin a Good Investment?

Luna's price today and the Luna price predictions till 2030 do not suggest that it will regain its position. According to the forecast, Luna is unlikely to reach the $1 mark.

But, as the Terra Labs are taking some majors to revive the ecosystem, investment in Luna is a gamble. So, if you are already holding the Luna coins, it is better to keep them and patiently hope for the revival of Luna.

Please note that our Luna price prediction is based on the general observation of the crypto market and should not be taken as financial advice. If you are interested in investing in Luna coin, carry out your own research before coming to any conclusion.


Luna Price Prediction: Is it Buying Time?

COTI crypto (“currency of the Internet”), a Layer-1 platform that operates on the Proof-of-Trust (PoT) consensus, has recently turned bullish and left everybody asking – for how long?

As the first enterprise-grade blockchain platform for payments, COTI integrates a so-called directed acyclic graph (DAG) data structure with the demands linked with traditional finance, such as fees, latency, and so on. A DAG is a data structure that enables more efficient and scalable transactions. 

Here, each transaction is confirmed by two previous transactions. It makes a more efficient, transparent, and, therefore, safer network of trust than a traditional blockchain.

## Why is COTI trending?

According to [CoinMarketCap](https://coinmarketcap.com/), COTI crypto is currently trading at $0.19 with a volume of $22,185,025 over a day. However, not long ago, COTI recorded a price of $0.33 and analytics claimed this was only the beginning. During the last month, COTI crypto has witnessed both plunges and jumps, demonstrating the token's volatility. There are good reasons to watch this cryptocurrency.

The first one includes expecting the forthcoming MultiDAG 2.0-layer launch. This will enable the COTI protocol to develop the new tokens on top of its Trustchain. This will also ensure that the COTI mainnet creates a governance token for COTI’s treasury. This new token will act as one more enterprise-driven token built on its Trustchain.

Another reason for its rally is its announced partnership with Cardano’s first NFT Gaming platform dubbed Revelar.

This cooperation includes Revelar implementing COTI stablecoin Djed to ensure a more secure and balanced way to buy and sell NFT game assets on the Revelar platform. Moreover, the Djed stablecoin will ensure the COTI’s presence in new tokenomic models.

Revalar’s integration with Djed is only a part of a bigger plan to create new NFT payment options, such as fiat-backed payment integrations to Cardano.

Shahaf Bar-Geffen, CEO of COTI, said that “by integrating Djed to their platform, Revlar is giving their developers and gamers more stable payment options".

## COTI price performance

COTI crypto's uniqueness lies in the fact that it consistently pays for all the features and makes sure both buyers and sellers are protected within a stable framework. This allows COTI to save time and increase processing speed.

According to CoinMarketCap, COTI crypto rose by 1.77% at the time of writing, with a live market cap of US$199,294,662 and 1,05B COTI coins in circulation.

As we already mentioned, COTI operates a cross-chain bridge and, through reproducing, the bridge constantly processes delayed transactions involving ERC-20 and COTI native tokens.

COTI crypto has been trading almost at a similar price as the ERC-20 version. Both tokens were listed on some of the biggest exchanges, such as Crypto.com, Celsius, Huobi, 1inch, and Coinbase. This also triggered the price surge.

Analysts say that the community built around COTI and Cardano also boosted trading volumes, seeing an almost twentyfold rise since last June.

With these metrics in mind, the conclusion stands that the COTI crypto race won’t be coming to its end anytime soon.

More [Business & Markets news](/news/category/crypto-business-news).


COTI Crypto: Bullish Trend Coming?

Since 2022 started, we have seen signs of a possible cryptocurrency market crash.

The crypto market is highly unpredictable. [Bitcoin](/coins/btc) and other prominent cryptocurrencies, including [Ethereum](/coins/eth), BNB, Luna, XRP, Solana, Cardano, Avalanche, and [Dogecoin](/coins/doge), have experienced falls in value, brushing around $200 billion from the aggregate crypto market.

Five months back, Bitcoin (BTC), the largest cryptocurrency with a market value of $758 billion, reached its all-time high of $69,000, and its [market is currently 42% down.](https://coinmarketcap.com/)

## The question remains the same: is a cryptocurrency crash inevitable?

To understand the question, we need to study the reasons behind the market crash. Let's go through some of the prominent reasons behind a cryptocurrency market crash.

1.   A Dearth of Liquidity in Cryptocurrency Markets
The most notable concern the crypto markets encounter is when leveraged investors liquidate a considerable share of their investments due to the across-the-board liquidity of the markets. Unlike the stock market, there aren't consistently a bunch of buyers waiting to grab up unloaded coins. This is a reason why crashes tend to occur more frequently.

2.   Crypto Security Violations are Driving Fear
Blockchain and network security are additional factors resulting in a crypto crash. This crash is likely to unfold similar to government actors' regulatory disruptions.

For instance, if it seemed that there was a security fault in Bitcoin, that would impact the desire to mine it, affecting the hash rate and all-around price.

And unlike stocks, which are backed by underlying assets, the value of most cryptocurrencies is operated purely by investor view.
Morningstar Investment Management global chief investment officer Dan Kemp said the challenge facing holders is finding cryptocurrencies with 'limited supply and enduring appeal’.

3.   Uncertainty
Uncertainty among investors is driven by many factors, for example Covid-19 and the ongoing war in Ukraine. They aren't sure whether the cryptocurrency market is stable or volatile. Lack of liquidity in the market generates fear among investors. They are likely to liquidate their assets as per the unpredictable situation. This results in an overflow of coins with a limited amount of buyers present in the market, driving a market crash. This again counts as one of the prominent reasons behind the crash.

4.   Crypto Influencers are Driving Volatility
When it comes to sentiment, cryptocurrency investors ought to remember that crypto promoters and key influencers can tweet and generate an inflow of capital. We've seen this occur with Elon Musk's backing of Dogecoin.

Tweeting can have an adverse effect too. The reason behind this is the investor sentiment and crypto's shortage of liquidity. The only solution to the problem is to study the market trend and analyze the technical team and their robust strategy to boost the coin performance.

Answering the central question, no, the cryptocurrency market crash is not inevitable. With the influx of serious investments from institutional investors and advancements in crypto projects, we expect the blockchain industry will mature with time and earn trust from investors as WEB3.0 stands at the door. These crypto projects directly link to real-world applications, and when they go to the profitability section, we could expect the market would get more mature. 

The volatility could reduce to a certain level in the interest of the investors
 
 
 
 
 
 
 



Cryptocurrency Crash - Is It Inevitable?

[Quantum Blockchain Technologies](https://quantumblockchaintechnologies.co.uk/) share price (AIM: QBT) came into the investors' focus last month as the company announced great results due to its AI and mining operations.

Stocks of this blockchain investment company jumped over 20% after the group revealed it filed a patent application for a pioneering new Bitcoin mining algorithm that runs on a quantum computation model and is qubit-based.

The company said it plans to conduct further aggressive R&D and investment tactics within the blockchain sector, including crypto mining and other apps.

The Quantum Blockchain Technologies' share price will very likely depend on the professional recently appointed by the company to lead an AI research group and find the optimal way of mining Bitcoin.

Usually, investors are eager to give money when they believe their profit will come faster. With quantum computers, some exact calculations are conducted much more quickly than home computers would do them. Nowadays, there are concerns that quantum computers could be grinding crypto mining operations needed to create new blocks. That would mean that these computers would be privileged before other miners and therefore present a threat to proof-of-work blockchain consensus by disturbing the decentralization and security of those blockchains.

However, this also means that the whole process would come to a new level, with the mining process becoming increasingly automated. In the end, this would present more significant profits for the stockholders. Along with the application-specific integrated circuit (ASIC) miner, this technology will most likely increase the hashing speed compared to other ASIC announced by competitors.

## Quantum Hopes for More Speed Increase

Quantum Blockchain Technologies' share price could keep its bullish trend for a while. The company has confirmed plans to create new partnerships with other start-ups within the blockchain and cryptocurrency space.

QBT CEO Francesco Gardin confirmed impressive progress in all R&D areas and added the expectation is "higher performance than originally estimated".

Gardin said results will be verified before any "cooling techniques", which could allow for further increases in speed, are implemented.
Still, as we already mentioned, some analysts advocate theories about quantum computers posing a serious challenge to the [Bitcoin](/coins/btc) blockchain security.

According to the last reports, approximately 25% of the active Bitcoins are exposed to a possible quantum attack, meaning they are usually stored in an exposed wallet. And even though transferring tokens to a new p2pkh address would temporarily help, one may still be affected if all the people who hold vulnerable coins do the same. 

That would bring us to a situation where, in the case of a major hack such as Mt. Gox, the price of Bitcoin (and therefore of Quantum Blockchain Technologies share price) would plunge together with the investors' confidence.

Quantum computers could act in the way they destroy the Bitcoin transaction process because of their speed. However, there is a cure for that as well. A new type of cryptography dubbed 'post-quantum cryptography' is expected to be intrinsically immune to quantum attacks. However, these types of algorithms are still in diapers and are still being studied.

At the time of writing, the price of Quantum Blockchain Technologies shares stood at 2.84 GBX, down by 1.90%.



quantum blockchain technologies share price 

Quantum Blockchain Technologies Share Price Analysis

The [BTC](/coins/btc) price is now trading at $28K, indicating that it is highly oversold, as evidenced by RSI levels around 30%.

Indeed, the RSI has hit levels not seen since the May 2021 crisis. The price may have a positive retracement and retest the broken $30K barrier in the immediate term. However, it is also feasible that it will continue to fall towards $24K and $20K, which might eventually indicate a mid-term bottom. 

The 50-day and 100-day moving averages also form a bearish crossing, which might increase the likelihood of lower prices sooner rather than later. BTC price has broken below the huge bearish flag that has been building over the previous few months, indicating a negative continuation scenario. 
 
The downtrend is presently displaying symptoms of fatigue, with the past few candles closing with large wicks to the downward. The RSI is also attempting to break above the oversold area, implying a short-term positive pullback to the previously breached $30K barrier. However, the bears have total control, and a collapse below the $24K level remains likely. 

The futures market undoubtedly had an influential role in this collapse, since Bitcoin's open interest was unusually high even as the price fell from $48K to $37K in April. This gradual decline in open interest during a 20% drop indicated that many stop losses and liquidation targets of long positions were located below the $37K, $33K, and $28K support levels.  

However, the open interest is still significantly greater than in May 2021 following the drop from the $64K ATH, indicating that the futures market is still hot, despite the current decline. Because high open interest results in significant volatility, this might be taken as a negative indication. Rising inflation, geopolitical events, and concerns about the Fed tightening monetary policy have all contributed to heightened market volatility. 

The Fed raised interest rates on Wednesday - the first time in more than 20 years - signalling that future rate hikes are likely and that the balance sheet runoff will begin in June. Some analysts believe [TerraUSD (UST)](https://coinmarketcap.com/currencies/terrausd/), one of the most popular stable currencies, also contributed to Bitcoin's fall this week. UST is supposed to be tethered to the dollar, but it plummeted to 29 cents this week and crashed in a simulated bank run as investors panicked and sold out their tokens. 

Since December 25, 2021, the BTC price has not risen beyond $50,000. Despite the problems, Bitcoin has remained above its January low of less than $34,000, which was the lowest in the preceding six months. BTC price dropped by 40% since its all-time high above $68,000 on November 10, owing to rising inflation, a sluggish job market recovery, and the Fed's continuous signs that it will begin winding down the measures to assist the economy.

Despite a poor start to the year, Bitcoin entered 2021 on a high note, thanks to a robust November and early December that gave way to the recent downward trend. After beginning 2021 around the $30,000 level, Bitcoin rose throughout the year, reaching its current all-time high of $68,000 on November 10.  

Despite decreasing dramatically from its most recent all-time high, many analysts believe BTC price will eventually surge beyond $100,000, describing it as a matter of when, not if.

Bitcoin reached its first high in 2021 when it surpassed $60,000 in April. Since then, the price fluctuation has highlighted the cryptocurrency's unpredictability when more individuals are eager to participate. Bitcoin bounced dramatically up and down in the weeks between a July low that brought it below $30,000 and its most recent peak in November. 

## Analysts’ Views of BTC Price

According to a crypto specialist, price fluctuations are expected for individuals who invest in crypto for the long term. Big drops are not a cause for concern, and he avoids reviewing his stocks during dangerous market falls.

Humphrey Yang's set it and forget it attitude to cryptocurrencies mirrors his approach to traditional stock market trading. Still, other experts believe Bitcoin is too distinct from traditional assets to draw historical similarities.  

Recent price fluctuations have been accompanied by rising inflation, persistent uncertainty over the country's protracted battle with COVID-19, and new regulatory steps by the United States government, notably Biden's recent executive order.
 
## Cryptocurrency Crime and Tax Evasion 

A few main themes have developed about new cryptocurrency regulation in the US: preventing cryptocurrency crime and tax fraud, ensuring stable coin regulation, and the possibility for investment vehicles like crypto ETFs and other funds.
The decentralised nature of digital currencies is a significant appeal for many crypto aficionados. However, regulatory guidelines can assist in protecting investors.  

One proposal would broaden the definition of a brokerage to include firms that support digital asset trading, such as cryptocurrency exchanges. This type of move would imply higher tax reporting duty to assist the IRS in tracking crypto tax evasion. 

Companies that facilitate crypto trades would be compelled to provide tax information about such exchanges to the IRS, beginning with the 2024 tax season, under a proposed new rule being examined by legislators.  

Furthermore, Gensler has spoken about the necessity for increased legislation to help avoid future ransomware attacks. 

## Stable Coin Regulation 

Stable coins are most utilised by sophisticated traders to decrease costs on crypto-to-crypto exchanges, but the Biden administration analysis suggests that stable coins may become a more general digital payment system. Because cryptocurrency is still in its infancy as an asset class, any new regulations may influence investors' portfolios.

According to Gensler, unscrupulous actors may be able to dodge public policy measures and other punishments targeted at preventing money laundering or guaranteeing tax compliance by avoiding the use of US dollars in direct crypto-to-crypto exchanges. 

## Cryptocurrency ETFs 

Cryptocurrencies ETFs are not now accessible in the US, but they may provide a future method for investors to invest in cryptocurrency without buying directly from an exchange. "There's not a method to acquire an asset that closely tracks the price of a certain cryptocurrency until an ETF is approved," explains Jeremy Schneider. That implies that the only method for investors to do so is to purchase coins directly from an exchange. If you are interested in cryptocurrency, these funds, like a traditional ETF or index fund, may help you diversify your assets among multiple coins. 

## Biden's Executive Order  

President Joe Biden has authorised federal agencies to establish a plan for laws and regulations on digital assets such as bitcoin with the signing of a new executive order on cryptocurrency. 

According to experts, the decision will assist in creating the regulatory clarity needed for significant institutional adoption of Bitcoin and other digital assets. Long-term investors may benefit from more stability in the usually turbulent crypto sector. After an early burst that saw the price of Bitcoin rise, it quickly dropped again. 

Biden's directive also directs US authorities to ensure that the country's cryptocurrency regulations are consistent with US allies. It charges the Financial Stability Oversight Council to investigate any illegal financial issues. Furthermore, the law underlines the significance of a new central bank digital currency issued by the government. Biden's executive order is a timely reminder that US politicians are closely monitoring Bitcoin and how it may impact financial markets in the future. This should not persuade crypto investors to make quick adjustments to their long-term investment strategy.

Experts advise sticking to the most established cryptocurrencies, Bitcoin and Ethereum, and investing just what you are willing to lose or no more than 5% of your overall portfolio. Budget essentials such as emergency preparedness, debt repayment, and retirement savings should take precedence over Bitcoin investments. Regarding where to purchase and sell cryptocurrencies, stick with a well-known, high-volume cryptocurrency exchange. 

## China’s Ban on Financial Institutions from Cryptocurrency Business 

China has prohibited financial institutions and payment businesses from offering cryptocurrency transaction services and has advised investors against speculative crypto trading.

According to a blockchain analysis business, a combination of factors has contributed to the recent sell-off, in which new short-term investors dumping their holdings in response to the latest decline may be adding to the reduction in Bitcoin's value. However, the stock and cryptocurrency markets have historically gained despite greater volatility and this is expected to continue. As a precaution, experts urge investors to keep investments small to handle volatility. 

To conclude, if Bitcoin survives as a digital asset class, which it may, it will be seen as a high-risk asset class. As a result, it might see a significant gain in value in the future or go the other way and become worthless. Therefore, it remains to be seen if Bitcoin is indeed the future “world money".


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ETH to GBP: Is Ethereum the Next King of Crypto?

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COTI Crypto: Bullish Trend Coming?

Cryptocurrency Crash - Is It Inevitable?

Quantum Blockchain Technologies Share Price Analysis

BTC Price: Bitcoin Update

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