Inflation could start to “mellow out” towards the end of the year, giving the crypto market a chance to form a bottom later in 2022, Chris Burniske, a partner at the crypto-focused venture capital firm Placeholder Ventures, has predicted.
Speaking in an interview on Laura Shin’s Unchained Podcast, Burniske, who has also co-authored a popular book on cryptoasset investing Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond, said that he believes the US Federal Reserve (Fed) will have gotten “max aggressive” towards the end of 2022.
He said this will happen as inflation starts to “mellow out year-over-year,” adding that it could even “surprise a bit to the downside” towards the end of the year.
Once this has happened, the Fed will start to “lighten” its approach, Burniske predicted, noting that this coincides with the midterm elections in the US in early November of this year.
A bottom in both the crypto and stock markets can therefore be expected “sometime in the back...
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