According to the investment expert, investors’ risk appetite for assets such as crypto money has begun to increase.
According to TradingView data, Bitcoin gained approximately 13% on a weekly basis, rising above $48,000. in bitcoin price since october There has never been such a large upward movement.
On Wall Street, the S&P 500 index recently rose above the 5,000 level for the first time in history. Greg Magadini, Amberdata Derivatives Manager, said this is partly from the performance of companies in the artificial intelligence sector He thinks it’s caused by.
Magadini, “It is difficult to say that artificial intelligence is overvalued. We are just at the beginning of the artificial intelligence story and its spread among humans. How would you value the future of artificial intelligence? I think we can’t know that. Crypto is in a similar situation.” said.
Magadini, investors in the market Risk appetite is a positive sign for cryptocurrencies he thinks it is.
The article titled Bitcoin Broke the Record of the Last Four Months This Week was prepared by Selim Kuşçu and published on koinbulteni.com.