After a brutal month for Bitcoin, crypto industry insiders share what might come next

Welcome back to the Distributed Ledger newsletter.

Hi all, welcome back to the Distributed Ledger newsletter. This is Anushree Dave, a reporter at MarketWatch.

As of Thursday morning this week, the cryptocurrency is trading at $26,036, a decline of 1.25% in the past 24 hours, according to CoinDesk data. This is still far from its peak of over $65,000 back in November 2021. What are industry insiders predicting will come next for Bitcoin? Read below for some answers.

“Market participants are still pricing in central bank risk and regulatory uncertainty,” he said to MarketWatch. “As we see more unfold from the Bank of Japan and the Federal Reserve, we can expect to see an uptick in volatility.” In June, several asset managers, including BlackRock BLK, -0.47%, Fidelity, VanEck and WisdomTree WT, -1.00% filed for applications for spot bitcoin ETFs.

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