One River Management CEO and CIO Eric Peters says he’s “extremely bullish” on the crypto markets and is expecting a powerful rebound for the nascent asset class.
In a new interview on the Bankless podcast, the head of the $2.5 billion crypto hedge fund recently ໄດ້ມາ ໂດຍ Coinbase ເວົ້າວ່າ tighter macro conditions triggered a rough bear market, but that the worst of it is likely behind us.
Peters is now forecasting a strong bullish rebound at some point driven by institutional adoption along with new use cases for crypto and blockchain technology.
“We’re now at a place where cadence-wise maybe some good things could happen. I’m extremely bullish for the medium-to-long term…
I think that this next phase, I don’t know when it will begin, and maybe it already has started by the way, but I think this next phase will be very powerful because it actually will finally have real institutional adoption, not just in the investments but also the technologies, and I think that’s a big deal.”
Peters says he is already seeing signs that crypto markets are moving in a new direction as the Federal Reserve appears to be slowing down its rate hike cycle.
"You’re already starting to see the foot that’s been on cryptos neck just kind of eased off as we’re getting toward the latter part of this tightening cycle. I think this will be a transition year. There are a whole range of wildcards. There always are. Ukraine hasn’t been settled. China reopening hasn’t been settled. We haven’t yet seen what investors do when they start getting nervous about stocks.
We’re at that stage in terms of the cadence where not only have we got through all the kind of crypto-specific problems, but we’re through the really dramatic rate hike part of the cycle. And I think things are more favorable. I don’t know that that necessarily means that we’re right back to a big bull market. I am kind of open minded to anything. We could be in a sustained bull market now.”
ຢ່າພາດການຫຼິ້ນໃຫ້ເກີນແມ່ນ - ຈອງ ເພື່ອໃຫ້ໄດ້ຮັບການແຈ້ງເຕືອນອີເມວ crypto ທີ່ສົ່ງໂດຍກົງໃສ່ກ່ອງຈົດ ໝາຍ ຂອງທ່ານ
ການກວດສອບ ປະຕິບັດລາຄາ
ປະຕິບັດຕາມພວກເຮົາກ່ຽວກັບ Twitter, ເຟສບຸກ ແລະ ໂທລະເລກ
Surf ການປະສົມ Hodl ປະຈໍາວັນ
ການປະຕິເສດ: ຄວາມຄິດເຫັນທີ່ສະແດງຢູ່ The Daily Hodl ບໍ່ແມ່ນ ຄຳ ແນະ ນຳ ດ້ານການລົງທືນ. ນັກລົງທືນຄວນເຮັດຢ່າງດຸ ໝັ່ນ ເນື່ອງຈາກການລົງທືນທີ່ມີຄວາມສ່ຽງສູງໃນ Bitcoin, cryptocurrency ຫລືຊັບສິນດິຈິຕອນ. ກະລຸນາຮັບຊາບວ່າການໂອນຍ້າຍແລະການຄ້າຂອງທ່ານແມ່ນຢູ່ໃນຄວາມສ່ຽງຂອງທ່ານເອງ, ແລະການສູນເສຍໃດໆທີ່ທ່ານອາດຈະເກີດຂຶ້ນແມ່ນຄວາມຮັບຜິດຊອບຂອງທ່ານ. The Daily Hodl ບໍ່ໄດ້ແນະ ນຳ ໃຫ້ຊື້ຫຼືຂາຍຂອງຊັບສິນດິຈິຕອນໃດໆຫລືຊັບສິນດິຈິຕອລ, ຫລື Daily Hodl ເປັນທີ່ປຶກສາດ້ານການລົງທືນ. ກະລຸນາສັງເກດວ່າ The Daily Hodl ເຂົ້າຮ່ວມໃນການຕະຫຼາດເປັນພີ່ນ້ອງກັນ.
Featured Image: Shutterstock/SpicyTruffel/Pavel Chagochkin
Source: https://dailyhodl.com/2023/03/06/next-bull-market-will-be-very-powerful-says-head-of-coinbase-acquired-2500000000-crypto-fund/