Cryptocurrencies BTC, ETH and XRP - forecast for today
Bitcoin (BTC) is trading near the $59000 level. Ethereum (ETH) reached $1965, and the price of Ripple (XRP) rose to 0.585 USD. The total capitalization of the cryptocurrency market was $1.9 trillion.
US investment bank Goldman Sachs will launch cryptocurrency financial products for customers in the second quarter of this year. It has not yet been decided which set of tools for investing in cryptocurrencies will be provided to customers. There is a possibility that the bank will launch direct purchases of Bitcoins, or there will be an opportunity to invest in cryptocurrency derivatives. The development of a full range of such products is not excluded. Goldman Sachs recently filed an application with the Securities and Exchange Commission (SEC) to register a new investment product that tracks Bitcoin ETF data from ARK Innovation. This will provide the bank's clients with indirect access to investments in the first cryptocurrency.
European Central Bank President Christine Lagarde said the ECB could issue a digital Euro in the next four years if regulators approve further development this summer. The ECB plans to publish an analysis of 8000 comments received as part of a public discussion of the potential launch of a state-owned cryptocurrency. The results will be submitted to the European Parliament, and then the ECB's governing council will decide whether to continue practical experiments with the digital euro. If the experiments continue, a final decision on the issue of the digital euro will be made within six months to a year. Lagarde added that even after the potential release of the digital euro, cash will still be available. She also said that the ECB will closely monitor the recent launch of the state-owned cryptocurrency Sand Dollar in the Bahamas. Last fall, Christine Lagarde said that, in her opinion, the EU monetary regulators can issue a digital euro in the next two to four years.
In the forecast, I assume the growth of Bitcoin(BTC) to the level 60000 dollars. Ethereum (ETH) will reach 2000 dollars, and Ripple (XRP) – 0.60 USD.