According to widespread reports about the GENIUS Act
Bo Heinz, Executive Director of the US President's Council of Advisors on Digital Assets,
confirmed that the cryptocurrency markets are in for an unprecedented boom.
There are massive investments that could reach $20 trillion or more.
This is only if the GENIUS Act is approved and enacted.
Bo Heinz stated that this, too, will push the industry to a completely different level.
Heinz also confirmed that this law will boost stablecoins pegged to the dollar.
It's worth noting that the cryptocurrency market has recently witnessed
a significant decline in market capitalization of 4.3%. If the law is passed,
it is expected that we will witness a very strong recovery in the cryptocurrency market,
which will reach at least four times its current value.
Bitcoin
Bitcoin has risen by more than 2% in the past few hours.
We are expected to see Bitcoin at $112,000.
If these levels are breached, we may see the currency near $120,000.
If the law is passed, we may see much higher levels, according to expectations.
There are predictions indicating the possibility of reaching $130,000.
You can review the technical analysis of Bitcoin through the following link:
