Sygnum: BTC could hit $400K with US regulatory clarity

Swiss crypto bank Sygnum predicts that Bitcoin could surge to as high as $400,000 if the United States establishes clear cryptocurrency regulations, Cointelegraph reported. In a report, the bank stated that growing anticipation around U.S. legislation, such as the CLARITY Act and a proposed Bitcoin Act for national-level purchases, increases the likelihood that other countries will add BTC to their reserve assets. Sygnum identified pragmatic nations or those facing currency crises, including Japan, Germany, Brazil, and Poland, as potential adopters. The bank analyzed that such a multi-country adoption could drive the price of BTC to between $350,000 and $400,000. Sygnum also projected that up to 10% of new bonds issued by major institutions this year will be in a tokenized format.