The ongoing bitcoin price volatility is certainly no secret, but what would it take to slow things down to a reasonable pace? One analyst thinks he’s got the answer, and it isn’t regulations. In fact, he expects the regulations that are surely coming to make the already-bumpy ride in the bitcoin price even worse and possibly even take out some altcoins.
The bitcoin price recovered by nearly 40% from an overnight selloff, signaling that the volatility is far from over. Still, it hasn’t been able to reach the $12,000 mark again after closing in on $20,000 before Christmas. The cryptocurrency market clearly still has jitters about regulatory risks, and it’s only a matter of time before the real regulatory crackdown begins.