Basing his opinion on the current economic climate, where U.S. bank deposits are declining at the fastest pace since 1971, the expert says he leans more toward the second option. He notes that it might be illogical to expect the banking crisis to end while the Fed continues to tighten policy.
From the expert's point of view, while Ethereum's rise to $2,000 may seem like a positive development, it is important to consider the broader economic context. The ongoing banking crisis and the Fed's tightening measures could hinder sustained market growth. In addition, says McGlone,
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