The current bearish market is no news anymore has we can witness the current downturn of prices across board in the crypto market. The primary digital assets bitcoin has failed to hold its support line of 20$k but failing slightly below the trading price mark. So this really got me thinking how is it possible for it to be around this price for some couple of months maintaining this said price, in an interview with CNBC, Kristin Smith of crypto insider spoke about how traders/ retail investors had fled the system because of the current [price](https://dailyhodl.com/2022/10/22/crypto-insider-says-one-catalyst-will-increase-investments-in-bitcoin-and-trigger-price-surge-in-btc/). 

“I think Bitcoin has been largely stable for a couple of reasons. One, you have the retail investor that has largely exited investing in Bitcoin… People are worried about paying for gas. They’re worried about paying for groceries. They don’t have the ability to put extra money away by investing in Bitcoin at the moment.

But I do think that the investors that are in there right now are holding out for a future date. They’re in it for the long run. And I think as we start to see the economy turn around and people putting more risk into their investment portfolios, we’re going to see the investment in Bitcoin rise and subsequently the price.”

![951392F84F4C4894A931D353A68C4C63.jpeg](https://i.imgur.com/AoSAfxC.jpg)
[source](https://freebitco.in/site/blogs/bitcoin/bitcoin-miner-agro-blockchain-revenue-increase-23-percent/)


And he’s projecting one catalyst that will cause that will cause a surge in it’s prices is the congress adoption of of crypto regulations which will see institutional investors approaching [bitcoin](https://youtu.be/g7KGhFgTlfg).

Congress is actually actively working on legislation that would provide additional regulation for the underlying digital commodity spot market, so including the Bitcoin spot market, and this actually has a real chance of getting done before the end of the year.

The chair and ranking member of the Senate Agriculture Committee has introduced the Digital Commodities Consumer Protection Act, the DCCPA, and this is a pretty good framework for regulating centralized exchanges in the spot markets. There is one outstanding issue around decentralized finance. These are software protocols that operate completely differently than custodial centralized exchanges. But that’s an issue that’s being worked out. I’m optimistic we’ll come to a good resolution there. I think there’s a decent chance we could see legislation signed into law before the end of the year.”


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