According To Analysts BTC's Value Will Continue To Rise Due To Public Perception

When talking about BTC, it’s important to consider the worth of diamonds, according to Laboure. She noted that the value of diamonds has increased due to increased communication around the gem over the last 50 to 70 years.

Laboure stated that financial knowledge is also necessary for a flourishing crypto economy. She stated that the market requires a large amount of data and that individuals must learn how to distinguish between various crypto initiatives.

pointing out that the cryptocurrency market has been unpredictable for many years and is unlikely to improve very soon. Laboure, on the other hand, feels that friendlier laws would assist improve the liquidity of the crypto market, hence reducing volatility.

Laboure believes that regulating the crypto market will draw more adopters, resulting in more liquidity, which will help to reduce volatility. According to Marion Laboure, an analyst at Deutsche Bank Research and author of Democratizing Finance, the value of Bitcoin (BTC) will continue to rise based on what people feel it is worth.

Factors That Are Propelling BTC’s Growth

When talking about BTC, it’s important to consider the worth of diamonds, according to Laboure. She noted that the value of diamonds has increased due to increased communication around the gem over the last 50 to 70 years.

She pointed out that the Tinkerbell effect, which defines objects that are supposed to exist only because others believe in them, is important in deciding the value of BTC and other cryptos. For this purpose, Laboure feels that determining the exact value of the flagship cryptocurrency is challenging.

However, she believes that four variables are to blame for BTC’s price fluctuation over time. The psychological aspect is the first. Laboure believes that, like diamonds, the price of BTC and other cryptos will rise in accordance with what people perceive they are worth.

The second factor is supply and demand. She believes that because BTC has a fixed cap of 21 million coins, it will continue to rise as demand grows. More than 90% of BTC’s supply is currently in circulation, implying that demand will grow dramatically.

Another factor to consider is regulation, which Laboure believes will be implemented soon. She mentioned that in the emerging asset class, clear norms could assist onboard more consumers. Regulators and lawmakers have already asked for the crypto area to be regulated quickly, particularly after the collapse of TerraUSD (UST) and Terra (LUNA).

Finally, she discussed volatility, pointing out that the cryptocurrency market has been unpredictable for many years and is unlikely to improve very soon. Laboure, on the other hand, feels that more welcoming laws will assist to improve the liquidity of the crypto market.

Friendlier Laws Would Assist in Improve The Liquidity Of The Crypto Market

Finally, she discussed volatility, pointing out that the cryptocurrency market has been unpredictable for many years and is unlikely to improve very soon. Laboure, on the other hand, feels that friendlier laws would assist improve the liquidity of the crypto market, hence reducing volatility.

In her final remarks, Laboure stated that financial knowledge is also necessary for a flourishing crypto economy. She stated that the market requires a large amount of data and that individuals must learn how to distinguish between various crypto initiatives. Laboure stressed the importance of distinguishing between BTC, the oldest and largest cryptocurrency by market capitalization, and newcomers.

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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing