For a bull run to occur in the crypto market, there needs to be a catalyst such as the approval of a Bitcoin ETF or the halvening in May 2020. These events would validate crypto as an asset class and reinforce the scarcity meme. While regulation is often viewed negatively in the crypto industry, better regulation could actually increase participation from consumers and institutions.
Policymakers are struggling to keep up with the constantly evolving world of crypto, but there are signs of better regulation on the horizon in both the US and Europe, which could potentially spark a multi-year bull run once extreme proposals have been addressed.
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