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Is Crypto Winter Coming? How To Protect Your Funds And Earn Money With BTC?

Written by: Coinpedia

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Coinpedia

Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    Feb 23, 2022

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    With bitcoin falling below $38,000 and its price dropping for four consecutive months, investors are getting more concerned at bitcoin’s outlook in the near term and the possibility of the coming of crypto winter. 

    In a note by wealth management firm Stifel, analyst Barry Bannister proposed the possibility of bitcoin falling to $10,000 by 2023 with global money supply, the real 10-Year yield, and equity risk premium being the three main factors. 

    Meanwhile, the co-founder of Huobi Du Jun commented that crypto winter is likely on the way and it could be well into 2024 or 2025 before we see a new bull trend.

    As a global asset, bitcoin is under the influence of global economic conditions and market sentiments. According to JPMorgan Chase, we could have nine interest rate hikes in 2022, doubling its previous projection of five rate hikes.

    The Fed is now expected to raise rates by 25 basis points at each of its next nine meetings. As for inflation, analysts did not see inflation starting to decelerate from near-record levels in the previous quarter.

    The projection of JPMorgan Chase came as a shock to the market that previously expected three to four interest rate hikes. 

    Another factor dominating the global sentiment is the Russia-Ukraine crisis, which keeps investors on edge. Countries such as the U.S. and Austria are pulling their personnel from Ukraine, while Putin orders troops into Donetsk and Luhansk. In view of a possible crisis, investors are less likely to hold risky assets such as cryptocurrencies.

    Gold price and oil price saw huge gains while stock markets suffered. Moreover, if a war indeed breaks out, sanctions on Russia imposed by the West will undermine global financial stability.

    “There’s a storm blowing in and markets have been battening down the hatches … volatility is unlikely to vanish anytime soon,” said Danni Hewson, AJ Bell financial analyst.

    In times of high volatility, if you are looking for a safe haven for your bitcoin, Bexplus interest wallet is the ideal place to help you earn passive income by holding. 

    Bexplus BTC Wallet – a Trustworthy Wallet with Up to 21% Interest

    Bexplus is a leading crypto derivatives platform accredited by MSB (Money Services Business). It offers 100x leverage in BTC, ETH, DOGE, ADA, and XRP futures contracts. Bexplus is trusted by over one million traders around the world, including the USA, Japan, Korea, and Iran. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support.

    The interest in Bexplus wallet is calculated daily and the revenue of the deposit will be settled monthly. The monthly interest is calculated as (S*I/365*21)=MI. S represents the sum of the deposit, I stands for interest, and MI is the monthly interest.

    If you deposit 10 BTC in your Bexplus wallet, the monthly interest you would receive is (10*21%/365*30)=0.1726 BTC. While a few lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.

    Features of Bexplus Wallet

    Independence: the wallet is independent of the trading account, so the deposits would not be used as margin, nor would it be influenced if your positions got liquidated. Furthermore, the deposits in your wallet will not be used by Bexplus for other purposes, so your deposits will not be “locked up”.

    High Security: The platform uses multiple signature access, and all funds transferred from cold storage to hot wallets are manually processed and require multiple staff to coordinate.

    No Penalties for Early Withdrawal: withdrawal requests will be processed within 1 day with no penalties for early withdrawal. If you withdraw your deposit on the tenth day of the month, you can still receive the interests generated within this period. 

    Features of Bexplus

    Register an account on Bexplus and earn up to 21% annualized interest immediately!

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    Coinpedia

    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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