In 2022, Bitcoin and Ethereum will reach new all-time highs as a result of capital flight from the stock market to cryptocurrencies, while digital gold will become more expensive than $100,000, Celsius Network CEO Alex Mashinsky said in an interview with Kitco News.
According to the top manager, bitcoin began to behave as a protective asset, so he redistributes his savings from stocks to digital gold.
“Since the beginning of the year, the stock market has been falling, but bitcoin has actually recovered most of the losses. We see a divergence between cryptocurrencies and the traditional market. This suggests that bitcoin is becoming a “safe haven”. It’s time for everyone to go their own way. Fed The US puts a lot of pressure on the economy by raising rates […] and taking liquidity from the market”he said.
Against the background of the isolation of the ninth largest economy – Russia – the situation in the whole world is deteriorating, Mashinsky noted. According to his forecasts, in 2023, US GDP growth will turn negative, and the Fed will be powerless.
In a crisis, cryptocurrencies “should show themselves well,” the CEO of Celsius Network is convinced. The specialist is waiting for the flow of funds from the traditional market into digital assets. “Bridges” like the protocol developed by his team can help with this.
“All assets are inflated – real estate, bonds, stocks – it doesn’t matter, you can’t hide money anywhere! Even if you want to buy commodities, prices for most of them are close to records. Where are you going to “park” your capital? The best way is to transfer to an industry that is not related to the US dollar – to bitcoin.he explained.
Recall that Elon Musk announced the hodling of cryptocurrencies in anticipation of rising inflation.
Earlier, the founder and CEO of the BTC.TOP pool, Jiang Zhuer, called the disconnection of Russian banks from SWIFT and other financial sanctions against the Russian Federation a positive factor for digital assets.
Tech Analyst and CEO of Factor LLC Peter Brandt predicted return of bitcoin to the bull market stage in May 2024.
Galaxy Digital founder Mike Novogratz has warned that digital gold will “take off again” once the Fed takes a break from tightening monetary policy.
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In 2022, Bitcoin and Ethereum will reach new all-time highs as a result of capital flight from the stock market to cryptocurrencies, while digital gold will become more expensive than $100,000, Celsius Network CEO Alex Mashinsky said in an interview with Kitco News.
According to the top manager, bitcoin began to behave as a protective asset, so he redistributes his savings from stocks to digital gold.
“Since the beginning of the year, the stock market has been falling, but bitcoin has actually recovered most of the losses. We see a divergence between cryptocurrencies and the traditional market. This suggests that bitcoin is becoming a “safe haven”. It’s time for everyone to go their own way. Fed The US puts a lot of pressure on the economy by raising rates […] and taking liquidity from the market”he said.
Against the background of the isolation of the ninth largest economy – Russia – the situation in the whole world is deteriorating, Mashinsky noted. According to his forecasts, in 2023, US GDP growth will turn negative, and the Fed will be powerless.
In a crisis, cryptocurrencies “should show themselves well,” the CEO of Celsius Network is convinced. The specialist is waiting for the flow of funds from the traditional market into digital assets. “Bridges” like the protocol developed by his team can help with this.
“All assets are inflated – real estate, bonds, stocks – it doesn’t matter, you can’t hide money anywhere! Even if you want to buy commodities, prices for most of them are close to records. Where are you going to “park” your capital? The best way is to transfer to an industry that is not related to the US dollar – to bitcoin.he explained.
Recall that Elon Musk announced the hodling of cryptocurrencies in anticipation of rising inflation.
Earlier, the founder and CEO of the BTC.TOP pool, Jiang Zhuer, called the disconnection of Russian banks from SWIFT and other financial sanctions against the Russian Federation a positive factor for digital assets.
Tech Analyst and CEO of Factor LLC Peter Brandt predicted return of bitcoin to the bull market stage in May 2024.
Galaxy Digital founder Mike Novogratz has warned that digital gold will “take off again” once the Fed takes a break from tightening monetary policy.
Subscribe to the Cryplogger channel at YouTube!
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