The recent bitcoin market has witnessed a boost in the past few months as regards it’s price action which one might be liking it to the crisis which the US banking sector is currently experiencing which the chief strategy officer at coinshares says other wise, that the risk asset market strength is propelled by two factors which is the Bitcoin Halving which is scheduled to happen next year April and the Fed’s interest rate hike.
Demirror speaking on how the next bitcoin halving is propelling this market movement she says that she thinks that we are seeing across all markets is investors movement, despite the macro environment and concerns about rate hopes, are still fairly comfortable buying risk.
And she thinks we are going into a new crypto cycle. We have a Bitcoin halving coming up. We’re seeing a lot of exposure via the derivatives side of the market. So I think it’s not just the banking crisis in particular in focus here, but it’s really a broader appetite for risk and investors perhaps getting comfortable reallocating and continuing to be exposed to crypto.
Tho she mentioned the failed traditional financial system has a role to play here but she thinks that it’s not significant.
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