Bear Market End? | Crypto Daily Digest July. 14
Arthur0x, founder of DeFiance Capital, stated in a social media post that he personally believes that 14 July 2023 marks the official end of the 2022-2023 bear market
Arthur thinks:
- Worst of macro tightening is over, CPI falling and real interest rate is positive now. More likely we see rates cut next year than not.
- Continued institutional acceptance of crypto as an asset class starting from Blackrock applied for Bitcoin ETF.
- SEC chances of labelling all tokens as security substantially weaker now if they can't even win against the one most likely to be deemed security token.
- Most tourists washed out, whoever still holding now likely won't sell in near term except from some coins with blatant unlock schedule.
- Market extremely underallocated on non BTC ETH. Lots of catch-up to do.
- HK welcoming crypto is real and this would open the flood gate for Asia financial institutions to enter crypto in a legitimate manner.
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Bitcoin has been fluctuating around $30,000 for an entire quarter. Has the crypto industry been stagnant due to regulatory concerns? Perhaps we can find the answer from the data of exchanges.
: TokenInsight released Crypto Investment Products Report July 2023, aiming to help users know about the current landscape of crypto investment products and the potential risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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