According to Bank of America (BAC) analysts, there has been a decrease in crypto money investments.
According to Bank of America analysts, investors are looking forward to a possible future in the United States. against the possibility of recession He left the cryptocurrency market and started investing in gold or USD.
Alkesh Shah, of Bank of America’s digital assets research unit, said: If the Fed continues to raise interest rates He emphasized that the cryptocurrency market may change even more. Shah made the following statement:
“What happens when there is a massive sell-off after the bear market starts is probably what happens in the digital and crypto asset markets.”
Investors are buying less crypto than before, according to Bank of America’s analysis. Investors instead prefer the more stable to switch to stablecoins started.
According to the Bank of America team, this is because markets with a high level of risk How will you perform next year? not being clear.