) to fall below $800, the market could “easily reach new all-time highs by the end of the year.” He explained:
“I would certainly not encourage investors to sell their crypto now in the hopes of buying back at a cheaper price, as the reality is no one knows when we will reach the bottom and when the market will rally again.” While Chai’s general sentiments are bullish, he identified factors that could drive the crypto market prices further down. The IoTeX co-founder says that the Russian invasion, combined with rising interest rates and the prospect of new COVID-19 variants, could all affect the market negatively in the short term:
“Additionally, tensions between Russia and Ukraine — in addition to other geopolitical and trade tensions — should be monitored, as they can unnerve institutional and retail investors and lead to huge price changes due to reduced risk appetite.”
I don’t think there will be a multiyear bear market. Just a healthy dump
Plz share this , kucoin take your money and don't answer you, they steal all my life savings
I am sure that by the end of the year everything will be fine, and this war will not destroy cryptography!
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