MultiCoin Capital Exec says that there may be no crypto bear market at all, claims Bitcoin is turned over-News
MultiCoin Capital Exec says that there may be no crypto bear market at all, claims Bitcoin is turned over-News
While the crypto economy has lost value in the past two weeks, the managing partner of Multicoin Capital, Kyle Samani, recently shared his views, why he believes that the "next bear market will not be like the last one". In fact, Samani notes that there may not even be "a bear market".
Multicoin Capital Executive claims that the "next bear market will not be like the last one"
One thing is certain that cryptocurrency investors are afraid of a full bear market as in the last two crypto winter, which reduced the prices for digital currencies by more than 80% after each top. Currently, between 25 and 30 % of the value have been lost on November 10th since the crypto price highest, and the crypto economy has put pressure on the declining mood overall. Despite the decline in the market values by 30 %, the managing partner of Multicoin Capital, Kyle Samani
"Why the next bear market won't be like the last," said Samani. "And in fact we may not have a bear market at all. Or we may have half a bear market, depending on their perspective." Samani Roughly said there are two types of people in crypto: "Money-Crypto" and "Tech-Krypto". Lately or since 2017 Samani claims that the Tech crypto group has dominated. "Tech crypto has been dominating the zeitgeist since 2017," emphasized Samani. samani noted that tech crypto is still clearly evident: " think about it " btc as inflation protection, but they provide an ever smaller [percentage] of press, social media, conference speeches etc." The manager of multicoin capital added : monetary crypto people primarily think of interest rates, the politicization of central banks etc. Tech people take care of building. Politicians/CBS will inevitably do things that are bad for btc as inflation protection. Regardless of whether it is about forbidding (or trying), or just increasing prices, or whatever. The actions of these institutions are subject to a natural ebb and flood, and BTC-USD will of course react to it. Samani further explained that technicians are not interested in such things and that "they just want to build cool new things". If Bitcoin drops by 50% due to state enforcement, Samani claims that tech people will continue to build and "invest in tech crypto". "It is possible that crypto is still a few more years to penetrate the mainstream", samani notes on Sunday. "But I think this no longer plays a role at this point. The train has left the train station: All tech bubors and investors have signed tech crypto with a significant probability of transforming the trade, finance and structure of society as a whole. And they can feel good with it," said the MultiCOIN capital manager. Samani insists that there is a huge amount of capital that "never believe". btc because they do not believe that they have unproductive asset. " The crypto supporter believes that at a Bärenmarkt Solana (Sol) and Ethereum ( eth ) Target = "_ Blank" Class = "LAR-Automated-Link" href = "https://markets.bitcoin.com/crypto/Btc" Rel = "noopener"> btc Samani insists that there is a huge amount of capital out there that "will never believe in Bitcoin"-"Tech money is not interested in macros"
Samani predicts: "As soon as Bitcoin is over, the game is almost over for Bitcoin"
because "Everyone knows that software eats the world", Samani Sol and eth will increase. He emphasized that every part of the "next large technology wave" wants to be, and Krypto is credible one of these waves. The managing partner of Multicoin Capital also added that in his opinion, " btc is turned in the medium term." He thinks that a flood of tech money penetrates into the crypto economy that the macro money group will displace people. Samani added:
once btc is pretty over for btc . A large part of the value props of btc is that it is the largest and most liquid. As soon as they stop being true, it has even less to offer. When people realize that this becomes true, there is a lot of money in btc turns out and in sol and eth and other more productive names.
According to these statements, Samani suspected his theory by adding that the next bear market will not look like the last one, and emphasized that the "decoupling is real". "When btc is turned over, the things * really * interesting", concluded the manager of multicoin capital.What do you think of the opinion of the Multicoin Capital Manager Kyle Samani about the bear market and certain cryptos that surpass Bitcoin? Let us know your opinion on this topic in the comments below.
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