On the Bitcoin Block channel, Ivanildo Predador and André Fauth talked to Rodrix Digital about the crypto winter, inflation, the US dollar, and the business mindset, among other things.
“The cryptocurrency market is a cycle that sometimes excites traders, but other times teaches a harsh lesson. We are currently under the crypto winter where the general trend of cryptocurrencies is bearish. It does not mean that there will not be cryptocurrencies that will outperform or that they will generally only be down. This means that the average price behavior of cryptocurrencies is downward,” said the host of the channel, Rodrix Digital.
“Some experts before the cryptocurrency market, in the current macroeconomic conditions, do not understand that Bitcoin has bottomed out. The strategy of many is to make small contributions considering the trend they expect Bitcoin to have, ”he added later.
The quest to find out if we have bottomed out is due to a hidden unanswered question in trading: when will the crypto winter end? The parallel projects of the cryptocurrency market, added to the macroeconomic scenario, may allow a change in trend in the crypto market in the coming weeks. Although many only see the opportunity to buy in the bull market, many see the bear market as an opportunity to accumulate resources.
“Regarding macroeconomic conditions, we are currently seeing a very worrying scenario, where countries are increasingly indebted. This economic situation ends up leading monetary institutions to take controversial measures, which can favor the cryptocurrency market, if the population’s desire is to avoid the corrosive effects of inflation. This would mean a possible increase in the demand for cryptocurrencies that would become a push for the prices of cryptocurrencies to rise compared to fiat currencies, “said Rodrix Digital.
One of the countries that “appears in the rearview mirror” of the exchanges is the United States, more precisely its currency: the US dollar. Traders will be tasked with trading the dollar.
Below is the full video:
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