There'll be plenty of macro-induced volatility BTC and ETH soon, promises QCPCapital.
In its latest
“Once again trigger-happy Gensler and his SEC cronies wielded their ‘securities’ threat on their favourite whipping industry. However as we have maintained before, BTC/ETH will continue to treat the SEC as a toothless adversary — especially as it becomes crystal clear that the term ‘security’ will not apply to either,” it wrote.
“And if one of them gets involved, then the case becomes more serious and all bets are off,” it continued. Beyond the SEC itself, meanwhile, next week’s macro data reports could provide a trigger of their own.The Consumer Price Index print for May is due June 13, along with a Federal Reserve policy update, which will decide the next step for benchmark interest rates.
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