Until now, the year 2022 has seen a wipe out of nearly $600 billion from digital wallets and cryptocurrency exchanges. The already lowered market was pulled back after the Terra collapse in May. This increased volatility has increased fear among investors and traders.
Whenever the market makes a swing between high and lows, the market participants bets against continued trend, which in turn becomes a reason for more volatility.
Meanwhile, one of the most closely followed crypto analysts and a former executive at Goldman Sachs, is of the opinion that the current macroeconomic condition is favorable to the crypto market, especially the Bitcoin.
During his recent ask-me-anything (AMA) session on Real Vision, a financial TV channel, Pal claimed that at present the sentiment around the crypto market is extreme fear, yet this might be a good indicator for pushing the cryptocurrencies towards new heights.
He says that at present the market participants have a negative approach and it’s too high. However, he asserts that the crypto volume is increasing. Hence, he urges traders to go low, short and then yield returns.
Next, the analyst talks about bond markets where he is seen quoting that the bond market is broken because sellers have overtaken buyers. However, he feels this scenario could influence the Federal Reserve to not go ahead with strict monetary policies.
As per Pal, the time when the Central Bank loses its value and trust is the time when the risk assets like crypto and Bitcoin will see a rally. He calls this a sad state of affairs yet claims it to be in advantage of the crypto market.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Crypto markets are entering a powerful accumulation phase, and investors are zeroing in on assets…
The broader crypto market is showing early signs of recovery, with the global market cap…
Beijing-based investment bank China Renaissance is reportedly in talks to raise around $600 million to…
In what could mark one of the most significant turning points in the evolution of…
Many analysts are beginning to focus less on short-term price action and more on long-term…
Universal Utility Token Enables Global Investors to Access Tokenized Assets Across ASEAN and MENA Markets…
