Kenneth Fisher, CEO of Fisher Investments, shared his views on the cryptocurrency market in an interview with CNBC-TV18.
Fisher claimed that he still believes cryptocurrencies pose a significant risk to financial systems, but are unlikely to become a potential risk in 2022.
"I don't think there is a potential risk that is likely to cause a problem in 2022. Probably later."
CEO Kenneth Fisher maintained his negative stance on cryptocurrencies, claiming that this kind of thing is exploding.
Fisher claimed that Bitcoin's bear market will lower until it bottoms out, and then drops some more. He also emphasized that cryptocurrencies could become an issue very soon, if not next year.
“Normally this kind of thing explodes. After you've already started a normal bear market. The bear market starts first, the bear markets don't start out violently, usually gently, and then they get more violent, and then in the later violent period they usually start to see that this kind of thing explodes and the potential real You'll see it turn into problems."
More Adoption of Cryptocurrencies in 2021
With the world divided over the decentralized industry, crypto has proven itself several times in 2021. From countries that have chosen Bitcoin as their legal currency to institutional giants running crypto-related multi-billion-dollar VC rounds, the industry has outperformed this year as it approaches its own.
According to the 2021 Chainalysis Global Crypto Adoption Index, residents of more and more countries around the world have adopted the use of cryptocurrency. Data collected from index scores of 154 countries identified an unrealistic increase by the end of the second quarter of 2021, with a total score of 24 compared to the end of the second quarter of 2020, when total global adoption was at 2.5, and global adoption has been steadily increasing so far. showed. More than 2300% increase since the third quarter of 2019 and more than 881% increase last year were reflected in the tables.