fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Thursday, March 30, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
Online Crypto College
No Result
View All Result

Analyst says BTC’s value will continue rising based on people’s perception

May 28, 2022
in Regulation
Reading Time: 2 mins read
A A
Analyst says BTC’s value will continue rising based on people’s perception
ShareShareShareShareShare
? Want to work with us? CryptoSlate is hiring for a handful of positions!

Marion Laboure, an analyst at Deutsche Bank Research and the author of Democratizing Finance, believes the value of Bitcoin (BTC) will continue going up depending on what people think it is worth.

It is relevant to consider the value of diamonds when talking about BTC, Laboure said during an interview. She pointed out that the price of diamonds has soared over the past 50 to 70 years, and the value increased due to communication around the gem.

She noted that the Tinkerbell effect, which describes things that are thought to exist only because people believe in them, plays a significant role in determining the value of BTC and other cryptos. To this end, Laboure believes it is difficult to specify the exact value of the flagship cryptocurrency.

Factors driving BTC’s growth

However, she believes four factors are responsible for pushing BTC’s price up and down over the years. The first aspect is psychology. Like in the case of diamonds, Laboure believes the price of BTC and other cryptos will rise depending on what people think it is worth.

The second factor is demand and supply. With BTC having a fixed cap of 21 million coins, she believes it will continue soaring as demand increases. At the moment, more than 90% of BTC’s supply is in circulation, meaning demand will increase exponentially.

Another aspect is regulation, which Laboure believes is coming soon. She pointed out that clear guidelines in the nascent asset class might help onboard more users. Regulators and lawmakers have previously called for the swift regulation of the crypto space, especially after TerraUSD (UST) and Terra (LUNA) imploded.

Finally, she spoke about volatility, noting that the crypto market has been volatile for many years and is unlikely to change soon. However, Laboure believes friendly regulations will help increase the crypto space’s liquidity, thus reducing volatility.

Laboure said financial literacy is also essential to a thriving crypto economy in her closing remarks. She pointed out that the market needs a lot of data and that people need to learn the differences between various crypto projects. Specifically, Laboure said it is crucial to distinguish BTC, the oldest and largest crypto by market cap, and new entrants.

Get an Edge on the Crypto Market ?

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Credit: Source link

Related articles

Bitcoin price briefly hits $29K despite regulatory crackdowns – Cointelegraph

Bitcoin price briefly hits $29K despite regulatory crackdowns – Cointelegraph

March 30, 2023
SEC’s Gary Gensler seeks for more staff, resources to regulate crypto

SEC’s Gary Gensler seeks for more staff, resources to regulate crypto

March 29, 2023
ShareTweetSendPinShare
Previous Post

New U.S. bill to block Google and Apple from hosting apps that accept eCNY

Next Post

Finally, Terra 2.0 is live; Team Terra activates Terra 2.0 Phoenix-1 mainnet

Related Posts

Bitcoin price briefly hits $29K despite regulatory crackdowns – Cointelegraph

Bitcoin price briefly hits $29K despite regulatory crackdowns – Cointelegraph

March 30, 2023

Bitcoin price briefly hits $29K despite regulatory crackdowns  Cointelegraph Credit: Source link

SEC’s Gary Gensler seeks for more staff, resources to regulate crypto

SEC’s Gary Gensler seeks for more staff, resources to regulate crypto

March 29, 2023

Ad SEC chair Gary Gensler asked U.S. lawmakers for greater resources to increase his agency’s staff count during a hearing...

Australia Seeks To Accelerate Regulation Of Crypto Sector – Bitcoinist

Australia Seeks To Accelerate Regulation Of Crypto Sector – Bitcoinist

March 29, 2023

Australia Seeks To Accelerate Regulation Of Crypto Sector  Bitcoinist Credit: Source link

Texas bill seeks to eliminate incentives for Bitcoin miners

Texas bill seeks to eliminate incentives for Bitcoin miners

March 29, 2023

Ad A new Texas Senate bill is looking to eliminate the incentives put in place to attract cryptocurrency miners to...

It's Time for Crypto To Regulate Itself – Blockworks

It's Time for Crypto To Regulate Itself – Blockworks

March 29, 2023

It's Time for Crypto To Regulate Itself  Blockworks Credit: Source link

Load More
Next Post
Finally, Terra 2.0 is live; Team Terra activates Terra 2.0 Phoenix-1 mainnet

Finally, Terra 2.0 is live; Team Terra activates Terra 2.0 Phoenix-1 mainnet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CryptoPunk NFT Accidentally Sent to Burn Address

CryptoPunk NFT Accidentally Sent to Burn Address

March 26, 2023
Binance Insider Allegedly Helps Users Bypass KYC Security Protocols

Binance Insider Allegedly Helps Users Bypass KYC Security Protocols

March 25, 2023
Cronos (CRO) Getting Significant Inflow Of Users, As Crypto.com Expanding Its Footprint Globally: Report

Cronos (CRO) Getting Significant Inflow Of Users, As Crypto.com Expanding Its Footprint Globally: Report

March 25, 2023
Crypto Currency NOT recognized in Sri Lanka, and there are no … – Newsfirst.lk

Crypto Currency NOT recognized in Sri Lanka, and there are no … – Newsfirst.lk

March 29, 2023
Avalanche announces the Cortina upgrade

Avalanche announces the Cortina upgrade

March 24, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • EU Proposes Cap on Anonymous Crypto Transfers
  • Bitcoin price briefly hits $29K despite regulatory crackdowns – Cointelegraph
  • EU Lawmakers Vote to Impose €1,000 Limit on Unidentified Crypto Transactions – Regulation Bitcoin News
  • U.S. and South Korea vying for Do Kwon trial; extradition destination uncertain
  • Binance’s reputation at risk as CFTC allegations raise concerns
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$28,340.005.75%
  • ethereumEthereum(ETH)$1,809.545.23%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$317.222.73%
  • usd-coinUSD Coin(USDC)$1.00-0.19%
  • rippleXRP(XRP)$0.5717.10%
  • cardanoCardano(ADA)$0.38728911.15%
  • staked-etherLido Staked Ether(STETH)$1,806.105.10%
  • dogecoinDogecoin(DOGE)$0.0759735.08%
  • matic-networkPolygon(MATIC)$1.148.68%
  • solanaSolana(SOL)$21.157.08%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • polkadotPolkadot(DOT)$6.246.59%
  • litecoinLitecoin(LTC)$91.796.38%
  • shiba-inuShiba Inu(SHIB)$0.0000114.04%
  • tronTRON(TRX)$0.0646791.17%
  • avalanche-2Avalanche(AVAX)$17.264.84%
  • daiDai(DAI)$1.00-0.25%
  • uniswapUniswap(UNI)$5.995.14%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,296.005.32%
  • chainlinkChainlink(LINK)$7.256.69%
  • cosmosCosmos Hub(ATOM)$11.283.51%
  • leo-tokenLEO Token(LEO)$3.400.69%
  • ToncoinToncoin(TON)$2.123.49%
  • ethereum-classicEthereum Classic(ETC)$20.845.37%
  • moneroMonero(XMR)$157.912.53%
  • stellarStellar(XLM)$0.10560413.34%
  • okbOKB(OKB)$43.261.11%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$123.693.32%
  • filecoinFilecoin(FIL)$5.768.02%
  • AptosAptos(APT)$11.666.87%
  • lido-daoLido DAO(LDO)$2.4318.12%
  • true-usdTrueUSD(TUSD)$1.00-0.24%
  • hedera-hashgraphHedera(HBAR)$0.0610223.57%
  • quant-networkQuant(QNT)$121.842.24%
  • crypto-com-chainCronos(CRO)$0.0684353.07%
  • nearNEAR Protocol(NEAR)$1.946.05%
  • vechainVeChain(VET)$0.0231646.61%
  • ArbitrumArbitrum(ARB)$1.2510.36%
  • algorandAlgorand(ALGO)$0.2167969.11%
  • apecoinApeCoin(APE)$4.172.49%
  • internet-computerInternet Computer(ICP)$5.026.25%
  • blockstackStacks(STX)$1.0218.29%
  • the-graphThe Graph(GRT)$0.14743812.86%
  • fantomFantom(FTM)$0.46085314.95%
  • eosEOS(EOS)$1.155.04%
  • the-sandboxThe Sandbox(SAND)$0.647.40%
  • decentralandDecentraland(MANA)$0.607.36%