ETC Group CEO Tim Bevan says rangebound Bitcoin likely to break higher towards year-end

Proactive - Interviews for investors

ETC Group CEO Tim Bevan talked with Proactive's Stephen Gunnion about recent trends and developments in the cryptocurrency market. Bevan discussed the implications of the US policy reversal and the approval of the Ethereum ETF, which had initially boosted market sentiment. However, subsequent regulatory actions tempered this enthusiasm, highlighting the controlled and slow approach the US is taking towards crypto regulation. Bevan noted, "The improvement in the regulatory political environment is going to be a slow one," reflecting on the tempered euphoria in the market. He also emphasized the current range-bound nature of Bitcoin, oscillating between the mid-$60,000s to the low-$70,000s, attributing recent volatility to macroeconomic factors and mixed economic data. Furthermore, Bevan shared his long-term bullish outlook on crypto adoption among institutional investors, despite the slow pace. He predicted that towards the end of the year, there might be significant upward pressure on Bitcoin and Ethereum prices, driven by increased adoption and acceptance. Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel, and enable notifications for future content. #ETCGroup #TimBevan #Cryptocurrency #Bitcoin #Ethereum #CryptoMarket #BitcoinETF #EthereumETF #CryptoRegulation #InstitutionalInvestors #CryptoAdoption #ProactiveInvestors #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews