- As the Securities and Exchange Commission cracks down on cryptocurrency exchanges like Kraken, the"main threat" to Bitcoin remains regulation, according to Florian Grummes, Managing Partner at Midas Touch Consulting.
"They cannot stop the [Bitcoin] network itself, but if it's forbidden to send certain amounts of money to exchanges, there will not be enough people to buy it, and then it's going to move underground," he claimed. Grummes, using historical data and technical analysis, forecast that this upward trend would continue, and that Bitcoin could reach as high as $50,000 this year.
Yes Bitcoin is up against high electricity costs, and Mining being outlawed. There's also GaryGensler coming after Lightning Network based Projects/Wallets
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