In the new 41st episode of the cryptocurrency recap of the week: Bitcoin is moving inside a symmetrical triangle, the breakout of which will likely result in a further move north or south. Currently, we are seeing increased market anticipation in terms of the continued behavior of the digital asset. Cryptocurrency trust company Anchorage has become the first company approved by the OCC to apply for the title of a national cryptocurrency bank in the United States. According to regulators, the verification process was as rigorous as in the context of other payment institutions. Anchorage Digital Bank will therefore be on the same regulatory level as other national banks in the country. Recently, the interim head of the OCC, Brian Brooks stated that the banking sector will completely move to blockchain. Vonovia, one of the leading housing companies in Germany, announced a €20 million digital bond issue on the Stellar blockchain. Based on this innovative implementation, an element of property rights transfer will take place. As Reuters reported, major banking institutions in the United States are hopeful that 2020 and the problems associated with it have passed. However, the declining level of trust in banking institutions and the unprecedented scale of printing indicate that most customers will want to look for other ways to allocate money, to the rescue of which the market of decentralized finance and Bitcoin can come. Willy Woo believes that bitcoin's bull market is just beginning, and his models for valuing the asset point to $300,000 by the end of this year. If indeed the exchange rate follows the trajectory laid out by the mathematical models, one could speculate that the peak of the bull market will be in December of this year. Woo attributes the predictability of the model to the permanently encoded characteristics of Bitcoin. For more information, check out the video. Tags coinquista cqx
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