According to the latest reports, there is a really powerful bull market on the way. Check out the latest reports about all this below.
New bull run approaching
According to the latest reports, it seems that the One River Management CEO and CIO Eric Peters says he’s “extremely bullish” on the crypto markets. More than that, he said that he is expecting a powerful rebound for the nascent asset class.
In a new interview on the Bankless podcast, the head of the $2.5 billion crypto hedge fund recently acquired by Coinbase says tighter macro conditions triggered a rough bear market, but that the worst of it is likely behind us.
Peters is now forecasting a strong bullish rebound at some point. He also said that this could be driven by institutional adoption along with new use cases for crypto and blockchain technology.
“We’re now at a place where cadence-wise maybe some good things could happen. I’m extremely bullish for the medium-to-long term…”
He continued and said the following:
“I think that this next phase, I don’t know when it will begin, and maybe it already has started by the way, but I think this next phase will be very powerful because it actually will finally have real institutional adoption, not just in the investments but also the technologies, and I think that’s a big deal.”
Peters says he is already seeing signs that crypto markets are moving in a new direction. This is reportedly happening as the Federal Reserve appears to be slowing down its rate hike cycle.
“You’re already starting to see the foot that’s been on cryptos neck just kind of eased off as we’re getting toward the latter part of this tightening cycle. I think this will be a transition year. There are a whole range of wildcards. There always are. Ukraine hasn’t been settled. China reopening hasn’t been settled. We haven’t yet seen what investors do when they start getting nervous about stocks.”