Senior analyst Marion Laboure believes Bitcoin (BTC), the most popular crypto asset, will grow rapidly in the future. Deutsche Bank (ETR:). The analyst is also the author of ‘Democratizing Finance – the Radical Promise of Fintech’.

In her most recent interview with CNBC, the senior analyst at Deutsche Bank overviewed the current state of the crypto market and shared her predictions for what Bitcoin’s (BTC) price will look like in the near future.

According to a senior analyst at @DeutscheBank, in comparison to a commodity like diamonds, #Bitcoin value will continue to rise #Crypto #DeutscheBank #VentureCapital pic.twitter.com/nB6YWwIiQu

— NewTribe Capital (@NewTribeCap) May 28, 2022

Crypto Markets Need More Regulation

Laboure said that the crypto industry needs more regulation as the public’s interest is increasing every hour. Her comments were further emphasized by Laboure, who stated that overall financial literacy is low. This means some countries may not be ready to accept crypto on a large scale. “I think we definitely need regulation, as you mentioned, financial literacy is pretty low even in advanced economies. We need more data as well, there is clearly a lack of data regarding cryptocurrencies”, Laboure underlined.

Digital technology has revolutionized finance over the last few decades. Nicolas Defrennes & @MarionLaboure discuss Democratizing Finance. They explain how a larger revolution in finance is taking place and, if managed well, it could bring about significant social changes. https://t.co/Wpq94xicrJ pic.twitter.com/MmITJyqwMl

— Harvard University Press International (@HarvardUPLondon) May 26, 2022

You’re likely to see more liquidity

The recent volatility being experienced by the crypto market isn’t a new phenomenon. Laboure highlighted that such downtrends have happened quite a few times already, and traders should understand that this volatility isn’t going away anytime soon. The more Bitcoin and other cryptocurrency are accepted, however, the greater their liquidity. High liquidity means lower relativity as shown by the example of stocks and gold, among other assets.

“In the case of Bitcoin (BTC), we have a limited supply of 90% of Bitcoin that’s already in circulation and when you have a fixed supply with increasing demand, the prices tend to rise as we have seen last year” explained Ms. Laboure. However, “belief” is a strong word, hints the senior analyst. According to her, Bitcoin’s (BTC) price is very much tied to what people believe it is worth.

Bitcoin’s (BTC) Price Surges After 9 Weeks in the Red

BTC (Bitcoin) has suffered a 9-week record of losses. Although many are reminded of the notorious crypto winter, BTC is currently trading at $30.435.51 according to CoinGecko. The increase is 3.4% in 24 hours and 0.3% for the week. Due to the sharp decline in Bitcoin across all cryptocurrencies, the Terra and UST crashes, Bitcoin may finally be showing signs of bullish sentiment.

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