(Kitco News) -The cryptocurrency market will recover from recent crashes, according to Alex Mashinsky, CEO of the Celsius Network, a DeFi platform. He also expressed his view that inflation will not wipe out cryptocurrencies.
Mashinsky spoke with David Lin, Anchor and Producer at Kitco News.
Crypto Crash and Recovery
Mashinsky said that he foresees cryptocurrency markets recovering. "[Even] JP Morgan… issued a report this week saying that maybe the crypto selloff is overdone, and they see a rebound to the 38,000 [USD per Bitcoin] level from where we are today… So I think we will see a reversal over the weekend and into next week."
Mashinsky clarified that recent events are separating the crypto 'hodlers' from those who simply see crypto as a speculative investment. "Crypto divides into people who are hodlers like Michael Saylor, like the Celsius community… and [on the other side] a very large number of speculators or traders," he remarked. "[You're] definitely seeing people who are...
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