MRB Partners: Bitcoin Bull Market May Be Coming to an End

According to CoinDesk on June 4, New York-based investment research firm MRB Partners released a report titled “Has the Crypto Mania Broken? that says bitcoin’s rally over the past year may be coming to an end. Analysts point to growing concerns about the environmental impact of cryptocurrencies, possible regulatory risks, negative technology trends and diminishing monetary stimulus going forward as some of the many reasons why Bitcoin could face a difficult future. MRB writes: “Easy monetary policy has fueled a cryptocurrency bubble, and the slow reversal of this trend globally will eventually will become a headwind for speculative digital assets.” However, some analysts expect that while a brief rally in bitcoin is possible, the gains will be limited.