Topic: Waning Influence of Regulatory Threats and Increased Bitcoin Adoption in Q2 (Read 92 times)

According to Brian Kelly, the founder of Brian Kelly Capital, Bitcoin always comes good in Q2 based on its historical performance. He made the assertion during an interview with CNBC on Tuesday, April 3, 2018. Kelly predicted that Bitcoin will experience a significant bull rally beginning from the second quarter of the year. He noted that there were a number of significant events that could contribute to what he called “seasonal tailwinds” that have the potential to drive up the value of Bitcoin. These events include a number of notable Bitcoin conferences and an impending annual development cycle for the Bitcoin blockchain network. Kelly believes these events will introduce some needed positive sentiment within and outside the core Bitcoin community thus sparking a price increase.

Kelly also touched on the subject of crypto regulations and how they have contributed to the decline in the Bitcoin price. He noted that in the early months of the year, there was a lot of regulatory heat being put on the market from countries like South Korea, China, and the US. He stated during the interview that these regulatory measures that were stifling the market are beginning to wane. As a result, the market will soon begin to breathe freely, far removed from stifling regulatory conditions. He even maintained that even if another major country was to ban Bitcoin, it wouldn’t adversely affect the market, citing the level of maturity that the market had gained on the back of the major correction that occurred earlier in the year.