FTX CEO On What Russia-Ukraine Crisis Holds For Bitcoin’s Future ⋆ ZyCrypto - BitcoinEthereumNews.com
विज्ञापन n n n चाबी छीन लेना Bankman-Fried says the Russia-Ukraine crisis has brought crypto into a new regime. How this regime will play out is up to two major factions of investors, he explained. Market participants have noted that his prediction may already be playing out. Russias military action against Ukraine has had unavoidable effects on the crypto market. While still not convinced of what the long-term fate of Bitcoin will be amidst the crisis, Sam Bankman-Fried has pointed out several scenarios that could play out in the market. Bitcoin is in a new regime, says FTX CEO In a long Twitter thread, SBF, as Bankman-Fried is popularly called, explained that market forces in a war situation were highly unpredictable. Regardless, the FTX CEO sees two possible directions that the Bitcoin market could take based on how different types of investors trade. For one, the leading cryptocurrency could be dominated by investors who focus on the fundamentals. These investors, by being focused on the advantages of Bitcoin, remain unmoved and even buy up the asset in the midst of panic. Conversely, algorithmic investors, as he calls them, are not so confident in Bitcoin. These investors consider the benchmark crypto to be a risk asset that is correlated with the stock