According to the founder of crypto exchange BitMEX, the return of digital currencies to the bullish zone is possible if the authorities of China and Hong Kong soften their policy towards this industry.
Hong Kong has already started to change course and wants to become one of the centers for the development of the blockchain industry.
According to Hayes, if the regulation here is comfortable for crypto companies and exchanges, then the volume of investment in digital assets through the Hong Kong jurisdiction will increase dramatically.
China should also become a softer state, and this will accelerate the return of the bullish trend.
