Altcoins Could Get Hammered by Upcoming Regulations, Says Crypto Analyst Benjamin Cowen

Altcoins Could Get Hammered by Upcoming Regulations, Says Crypto Analyst Benjamin Cowen


Popular crypto analyst Benjamin Cowen says he expects the price of altcoins to go down significantly in the face of imminent regulation on the industry. 

In a new interview on Digital Asset News, Cowen says that regulators could set their sights on the crypto space, potentially targeting issues such as the energy consumption of proof-of-work blockchains, or whether or not certain altcoins are unregistered securities. 

Last week, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler hinted that Ethereum (ETH) could be considered a security following the leading smart contract platform’s transition to proof-of-stake.

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“I do think that alts need to go down a lot. Not only with respect to the US dollar but with respect to Bitcoin as well and I think that the

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