The Bloomberg analyst was impressed by the resilience of Bitcoin and Ethereum amid the fall of the crypto market and said that he believes in the future of top digital currencies.
Co-founder of the Bitcoin Policy research center David Zell believes that, despite the negative impact of the collapse of the FTX exchange on the cryptocurrency industry, this will strengthen confidence in Bitcoin. Speaking on the television show "Just the News, No Noise", David Zell said that in the long term, the bankruptcy of the FTX trading platform will increase the level of Bitcoin acceptance.
The former CEO of Goldman Sachs, referring to the level of activity around cryptocurrencies and Web3, claims that they are already flooded with venture capital investments. Raoul Pal is sure that when the macroeconomic turmoil subsides, the market capitalization of digital assets will increase dramatically.
Devere Group CEO Nigel Green expects strong cryptocurrency market volatility before the end of the year. However, long-term investors can benefit from this, he said. Nigel Green shared his opinion on the near-term perspective of the cryptocurrency market.
Kraken CEO Jesse Powell said he remains bullish on Bitcoin. He still hopes to buy a Bugatti luxury car for 1 BTC. In an interview with Bloomberg Exclusive, Jesse Powell said he would not oppose Bitcoin despite the fact that his BTC predictions last year fell short.
Blockstream co-founder and CEO Adam Back still expects Bitcoin to reach $100,000 by the end of this year. Adam Back made his statement on the social network Twitter, in response to a message from cryptocurrency blogger Heidi Chakos. She wrote that during the next bull market, the price of Bitcoin could easily exceed $100,000. Back said he saw no reason why this should not happen by the end of the year.
Experts advise not to place more than 20% of the investment portfolio in companies in one sector of the economy and no more than 5% in shares of one company. If crypto companies do enter the S&P 500 in the future, investors will have a significantly expanded choice. In addition, shares of cryptocurrency companies can act as a hedging asset, the investor believes. O'Leary said that he now has 32 different cryptocurrencies and tokens in his portfolio, including Solana, bitcoins and Polygon tokens. The investor limits the share of cryptocurrencies to no more than 20% of the portfolio, and no asset in his portfolio exceeds 5% of the total amount. The investor expects that shares of companies from the crypto industry will enter the S&P 500 index in the next decade.
Bitcoin is not just a coin, it is software. Just like altcoins. If you believe that software can have long-term economic value, you can allocate up to 5% of your operating budget. I have made the largest investments in assets that I think have excellent economic prospectsexplains Kevin O'Leary
A senior commodities analyst at Bloomberg Intelligence called for attention to the decline in Bitcoin volatility as a signal of its imminent growth. Mike McGlone, in an interview with crypto blogger Scott Melker on Wolf of Wall Street, opined that Bitcoin is now laying the groundwork for a quick spurt that will "send it to the moon."
Fundstrat co-founder Tom Lee sees a positive future for cryptocurrencies. In his opinion, money from risky stocks and bonds will continue to flow into cryptocurrencies amid rising base rates.
Bloomberg Senior Commodities Strategist Mike McGlone said that the bull market for Bitcoin is not over and BTC could reach $ 70,000 in the near future. During The Tape podcast with Bloomberg hosts Paul Sweeney and Sonali Bazak, the analyst shared his positive outlook on the market cryptocurrencies.
Star real estate agent, writer and TV personality Ryan Serhant has suggested that 50% of real estate transactions will be conducted using cryptocurrencies in the next five years. Ryan Serhant, host of Million Dollar Listing New York, who has sold over $ 1 billion in real estate, said there has been a "boom" in the virtual real estate market this year.