While many traders expect the CLARITY Act to trigger a major Bitcoin rally, Brian Dixon says the market won’t react immediately. Speaking to Grant Cardone at the 10X Conference, Dixon said, “The next day, I don’t think it does much,” referring to the price of Bitcoin if the currency passes.
Instead, Dixon said the real impact of the legislation could come later. According to him, The CLARITY Act is not meant to create an instant “green candle”, but to build long-term confidence around the crypto markets.
Dixon explained that the main results can be played gradually over the next 6 to 18 months as the explanation of the rules encourages large organizations to enter the market more actively.
“I think that’s what gives big companies and big corporations the green light,” Dixon said. He said that companies can start “systematically, quarter by quarter, sending 10 billion, 20 billion, 50 billion in each group.”
According to Dixon, major companies and investors are still waiting for clear crypto regulations before committing to large amounts of Bitcoin. Once this framework is in place, they expect organizations to expand rather than explode.
“That slow growth is the big issue,” Dixon said, stressing that long-term economic growth is more important than short-term market appeal.
Middle East Sovereign Funds Are Buying Already
Dixon also highlighted the growth of sustainable economies, particularly in the Middle East. He explained that many international funds are closely monitoring the United States’ reaction to crypto laws before increasing exposure to the digital economy.
He also referred to Mubadala, an Abu Dhabi-based investment fund, saying that the group had “already acquired this Bitcoin when they thought it was cheap.”
According to Dixon, clear US regulations could encourage these funds to increase purchases.
‘It’s Under Construction’
For Dixon, the CLARITY Act is ultimately about creating a market foundation rather than a short-term rally. His message in the discussion remained consistent: Bitcoin may explode at night after the bill, but the law can lay the foundation for the structural institutions that have been waiting before doing the capital of the big crypto markets.
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