Moves by two major companies in the cryptocurrency space this week could be evidence that regulation is smoothing out, which could bode well for struggling bitcoin prices, according to one closely followed analyst.
“We believe the regulatory picture is now improving — best evidenced by Coinbase and Circle ‘running towards’ regulation,” Fundstrat co-founder Tom Lee said in a note to clients Thursday. “We are basing this on the notion that Coinbase and Circle would only take these actions if such was the case.”
via Crypto companies ‘running towards’ regulation is good for bitcoin, analyst Tom Lee says.
