An Important Catalyst To Trigger Shift Into Bitcoin And Ethereum

According to the latest reports, it seems that there is one important catalyst that will trigger the shift into Bitcoin and Ethereum. Check out the latest reports about this below.

Hedge fund boss Anthony Scaramucci says one major catalyst is likely to cause a wider adoption of crypto assets.

In a new interview with Yahoo Finance, the SkyBridge Capital CEO says the fallout from the US banking failures will prompt more people to invest in top crypto assets like Bitcoin (BTC) and Ethereum (ETH).

“You have a regional banking crisis in the United States. And there is a crisis of confidence related to deposits and how the Fed is going to handle these things. There will be a move, maybe slowly in the beginning, but there will be a move for diversification into more digital assets, specifically things like Bitcoin and Ethereum.”

Scaramucci is also predicting the bear market has come to an end for the crypto space.

“I would guess right now that we’re through the bear market.”

He also addressed some important issues about Binance, the world’s top crypto exchange by trading volume, which was recently hit with a lawsuit from the Commodity Futures Trading Commission (CFTC), a US regulator.

In a recent thread, Binance CEO Changpeng Zhao says that even though DEXes can be flawed and he runs a massive centralized crypto exchange (CEX). He believes decentralized crypto-swapping platforms are exactly what the industry needs.

“We need more DEXs. PancakeSwap has most of the users. Uniswap has most of the TVL [total value locked]. That’s still ‘too centralized’… (I know, imagine that coming from me.) Need more options.”

It’s been revealed that the latest iteration of PancakeSwap, a prominent DEX, launched on both BNB Chain and Ethereum (ETH).