Bitwise Investment Director Matt Hawgan (Matt Hawgan) in an analytical note for investors said that if the US Congress does not accept “cryptocurrency laws”, the next three months will be very difficult for the market.

According to Matt Hawgan, despite the support of the crypto book from the White House, all achievements can be easily canceled by the next administration. Most crypto acts are able to update maximums, and bitcoin can overcome the mark of $ 200,000 by the end of the year. But only on condition of the emergence of new laws:

“If the Congress accepts at least one law, the bull impulse will be uncontrollable.”

The investment director said that the delay in the adoption of laws on the regulation of the crypto industry jeopardizes its further existence. Attempts by lobbyists to combine the sector of stabilcoins and more widely reform the market to nothing good will lead to, Hawgan believes.

Now there are no sharp jumps in prices on the market, and the value of digital assets ranges in a narrow range without a clear direction of movement. Option merchants do not expect significant changes in quotations in the near future, but deep correction is still possible, said BitWise top manager.

Earlier, BRN Consulting Company Valentin Fournier declared that a decrease in fears about inflation in the United States and the hope of reducing bets by the Federal Reserve System (Fed) are positive factors for cryptocurrency.