Citibank Executives: Bitcoin Regulation Could Fall Further Over Next Decade

According to Decrypt on April 23, Ronit Ghose, global director of Citibank, said the digital asset market as a whole will grow, but Bitcoin regulation could decline further over the next ten years. Ghose said the value of Bitcoin would be affected and the value of other cryptocurrencies would be affected. Since Bitcoin is not widely used for daily payments, Ghose believes there are two ways to weaken the Bitcoin market in digital payments. First, it introduced other cryptocurrencies such as Ethereum and Polkadot that offer faster payments and performance through smart contracts. Second, he said that with the advent of central bank digital currency (CBDC), he would be able to deliver a healthier system without the need for cryptocurrency exchange.