Cryptocurrency Market Poised for Growth Post-November, Says Defiant Capital Founder

IconCryptoNewsTerminal Staff17 Jul, 2024

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Cryptocurrency Market Poised for Growth Post-November, Says Defiant Capital Founder

Arthur Cheong, founder of Defiant Capital, recently expressed his optimism about the future of cryptocurrency. In an interview, he stated that the crypto space is poised to outperform significantly post-November due to changing political and regulatory landscapes, as well as evolving narratives surrounding cryptocurrency. Cheong highlighted the upcoming midterm elections in the United States as a potential catalyst for this growth. He believes that if the Republican party gains control of the House or Senate, it could lead to a more favorable regulatory environment for crypto. Additionally, he expects increased institutional adoption of cryptocurrency as regulatory clarity improves. Cheong's comments echo the sentiments of many industry experts who believe that the crypto market is entering a new phase of growth. With major players like BlackRock and Fidelity entering the space, it is clear that cryptocurrency is gaining mainstream acceptance.

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