Famous investor Brian Kelly, cryptocurrency He announced that he believes that a bull market has begun for the market that will last more than a year.
Kelly, the founder and CEO of digital asset investment firm BKCM, stated in a new interview with CNBC’s Fast Money program that there are various indicators to be bullish on cryptocurrencies.
According to Kelly, the emergence of assets such as Polkadot, Cosmos and Solana represents a situation similar to the shift of money in stocks to ‘medium and small-cap businesses’. In addition to these decentralized assets strengthening in the market, the increase in the total value locked is a very important signal.
Koinfinans.com According to Kelly, as we reported, these indicators signal a bull market in the cryptocurrency market.
In addition, the U.S. Securities and Exchange Commission’s (SEC) spot market Bitcoin (BTC) approval of exchange-traded funds (ETFs) may be a news sell event, he says, but he believes Bitcoin will soon rebound as traditional finance begins investing through the ETF vehicle.