Trader weighs in on possible Bitcoin price drivers for remainder of 2023

“I think if theres clearness on the structure thats being developed in the U.S. in terms of whether or not cryptos are going to be securities or commodities– thats going to press markets,” van de Poppe said, adding:”Because if you have that framework, it opens up for more institutional financiers. I do not think that the U.S. is going to be the huge one. “I think the U.S. is behind, however the more we get clarity on that, its going to be helpful for the markets and activate more liquidity into the markets,” he explained.The trader also kept in mind the macroeconomic conditions potentially affecting Bitcoin significantly, such as the circumstance around interest rates and unemployment in the United States and other countries.

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