Seeking Alpha
2022-07-29 08:50:00

Bitcoin Roundtable: Volatility And The Outlook Ahead

Bitcoin just experienced its worst quarterly performance since 2011, returning -58% in Q2.In terms of catalysts for a market turnaround, the macro picture is getting better. If interest rates stop going higher and stabilize, equities and other risk assets would also stabilize.We expect the next bull market will be driven by consumer applications and institutions buying for long-term portfolios. It will take a better macro-economic backdrop to get to the next bull market.Bitcoin trades based on macro-economic conditions more than on fundamentals. In my opinion, this is good. User adoption and wallet numbers nevertheless keep growing.To help investors make sense of the current Bitcoin (BTC-USD) volatility and what to watch for next, our digital assets thought leaders share their perspectives in this Q&A.Bitcoin just experienced its worst quarterly performance since 2011, returning -58% in Q2. In light of Bitcoin’s bear market - and overall negative sentiment pervasive in the crypto space - we asked our digital assets thought leaders to share their insights and outlook. Q: What do you attribute Bitcoin’s current bear market to? What do you anticipate is the catalyst for the market to turn around?Matthew Sigel, Head of Digital Assets Research: Bitcoin is facing strong headwinds as tightening monetary and fiscal policies are shortening investor time preferences precisely at the midpoint between Bitcoin halving cycles, when the ...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.