Bitcoin No More A Bubble Says Brian Brooks

Published December 4, 2020 | Updated December 4, 2020

Crypto-Banks

Bitcoin No More A Bubble Says Brian Brooks

Earlier this evening Brian Brooks currently appointed as acting comptroller at OCC said in an interview that Bitcoin is beyond its so called bubble phase and institutional has already started.

Real Institutional Adoption has Already Started For Bitcoin

Brian Brooks is in favor of crypto adoption by banks and traditional finance institutions since beginning and today again he voices his belief that banks should work towards crypto adoption.

When asked about more crypto regulations, he said,

We don’t need 50 regulations instead of two, what we need is clarity on what is allowed.

He is very optimistic on banks implementing blockchains for payments and is convinced that soon we will see favorable crypto guidelines. He mentioned that in next few weeks or so there shall be clarity:

  1.  For crypto investors how to invest in cryptocurrencies
  2. How institutions can enter this asset class

He said these are the two things that are driving the prices of bitcoin rather than just speculation.

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
Sunil Sharma 182 Articles
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
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