(Kitco News) - This isn't the first Crypto Winter, nor will it last forever, according to Sean Mackay, CEO of CoinPayments, who cited several events that could lift the cryptocurrency space out of this current bear cycle.
"Right now, a lot of the macro conditions are kind of affecting crypto as well. Crypto is always correlated with tech stocks and the high-risk side of things. To get us out of here, we're looking at a couple of things. One, is some kind of new narrative, innovation in the space, which is great because Crypto Winters are typically the time when devs really get to work and the projects really put their heads down and focus," Mackay told David Lin, Anchor for Kitco News at the Future Blockchain Summit in Dubai.
Additionally, the next Bitcoin halving in 2024 may help the market, Mackay noted.
Several of the macroeconomic forces that are driving a bear market today, including high inflation, monetary tightening, and geopolitical turmoil in Eastern Europe, were not...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...