- Wall Street could enter and fully embrace the crypto market soon.
- Bank of America CEO says it is only waiting on regulation allowance.
- Bitcoin ready for major breakout to hit next ATH target between $135,000 and $140,000.
As the crypto market turns extra bullish following President Trump’s inauguration and Bitcoin’s latest ATH at $109,114.88, the Bank of America’s CEO shares a bullish statement. In detail, the CEO says that Wall Street is ready to “come in hard” for Bitcoin and crypto if regulators allow them this option.
Trump’s first promise to the crypto industry was to fire Gary Gensler. Yesterday, Gensler officially resigned as the SEC Chairman and his seat has been temporarily taken by Mark Uyeda, a pro-crypto face in the industry. This position will likely soon be taken by another pro-crypto face, Paul Atkins.
With these moves in place, Wall Street should find it much easier to embrace the crypto market and its abundance of opportunities. As we head deeper into the peak of the bull season, it comes as no surprise that financial institutions want to enter the market before it becomes too late to yield major gains.
As we can see from the post above, most analysts are certain that Bitcoin has much to accomplish before the end of the ongoing bull market. According to this analyst, BTC is going through a major bull flag breakout retest which could significantly pump its price. He concludes with expectations for BTC to hit a new ATH between $135,000 and $140,000.
