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End Prediction for “Bear Market” in Famous CEO

As Bitcoin goes through a long bear cycle, experts continue to share their theories about when the crypto winter will end. The bankruptcy flag of companies like Celsius, 3AC and Terraform Labs was the first spark of the great disaster in 2022. Despite rolling out a major update like Merge, 2022 has been an ominous year for the cryptocurrency market, with even Ethereum falling 67%. Anastasios Papakonstantinou, CEO of Spain-based investment firm Análisis Genómico, said in an interview with Kitco News that we are probably close to the bottom in the current crypto winter.

According to the expert, balloons inflated and burst in the past. Then the deflated balloons inflated again. “We are in the middle of this process. So we will have chaos and volatility for maybe another year or so.” Papakonstantinou said that the concussion of the crypto market is a normal process and that there are crises that need to be learned in every period.

Papakonstantinou also seems optimistic that emerging technologies in this process will be beneficial. According to the executive, the same process happened in the previous crypto winter and in 2017. Although the bear market exhibits basic characteristics, the durations may differ due to different external factors and the size of the crises.

There Might Be New ‘Black Swan’ Cases

It’s still early for a bull market, according to some experts pointing to the Fed’s monetary policy and the unknowns of the FTX crisis. According to economists, for BTC to return to its former glory, the FTX crisis must end and macroeconomic conditions return to normal. One of the most important elements in this process is the re-entry of institutional investment into the market. Some experts warn that new ‘Black Swan’ Cases may occur in the coming period, which will bring Bitcoin and altcoin prices to bottom levels again. The reason for this is the possibility of the domino effect continuing in the FTX crisis. The crisis situation that occurs with the emergence of an unexpected and unlikely situation is called the “Black Swan Effect”. For example, the Kovid-19 pandemic can be given as an example of this situation. After the sudden collapse of FTX and Sam Bankman-Fried’s alarming statements, the cryptocurrency industry entered a deep crisis. One of the biggest concerns in the market right now is the arrival of new bankruptcies.

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