Bitcoin Likely To Maintain High Levels Amid Regulatory Changes

According to BlockBeats, Deutsche Bank analysts stated in a report on January 23 that Bitcoin is likely to maintain high levels due to a more favorable regulatory environment expected under Trump's administration. Although Trump did not sign an executive order on digital assets on his first day, it was announced on Tuesday that the U.S. Securities and Exchange Commission (SEC) will establish a regulatory framework for crypto assets. This marks the first step in his administration's comprehensive reform of cryptocurrency regulation. The report also suggests that Bitcoin will benefit from the Federal Reserve's loose monetary policy, potentially leading to an increase in institutional investors.