Bitcoin (BTC), Ethereum (ETH) could gain $100 billion in inflows in this case: YouTuber Ran Neuner

Tomiwabold Olajide

Bitcoin, Ethereum and other crypto assets could benefit from $100 billion in inflows

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Crypto YouTuber Ran Neuner believes Bitcoin, Ethereum and other crypto assets could benefit from $100 billion in inflows as the SEC hits USD-backed stablecoins. He claims that investors will not exit the market but will invest their money in Bitcoin and Ethereum, causing prices to skyrocket.

“If the SEC attacks all USD-backed stablecoins, over $100 billion will be forced to exit the market or move into other crypto assets. Investors are not likely to exit, so money is likely to flow into Bitcoin & ETH and cause a huge pump. If they attack us, that makes us stronger,” said Neurer.

The YouTuber said this in the wake of the Paxos BUSD news. Earlier in the week, Paxos was ordered to stop minting new BUSD tokens and it also issued an SEC Wells Notice that BUSD was an unregistered security.

Regulators appear to have taken a more aggressive stance on cryptocurrencies following dramatic 2022 outages that included digital asset exchange FTX and cryptocurrency broker Voyager Digital.

Tim Draper predicts a flight to quality and decentralized crypto

Bitcoin bull Tim Draper had one of the more bullish predictions for the digital currency in 2022, estimating that it will be worth $250,000 by the end of the year.

The multi-billionaire venture capitalist later pushed back the deadline for that guidance to mid-2023.

The largest cryptocurrency in terms of market cap, Bitcoin, will continue to rise, according to Draper. “I expect a flight into high-quality and decentralized cryptocurrencies like bitcoin, and for some of the weaker coins to become relics,” he told CNBC.

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