bitcoinof and many altcoin Although it is at the bottom, we see that the risk appetite has not increased.
Macroeconomic expectations are among the main reasons for this situation.
While the Fed’s interest rate hikes and the risk of recession in Europe are pulling the stock markets down, Bitcoin and altcoins are also affected by this low risk environment.
talking about it Bybit co-founder and CEO Ben Zhou He said that among macro trends, Bitcoin stands strong and gives a bullish signal.
Speaking at the TOKEN2049 panel in Singapore, the famous CEO stated that the uncertainty in macroeconomic indicators coming in a bear market is a great opportunity for companies.
Stating that they are in bull mode, Zhou stated that developments on the macro economy side do not create a situation to be afraid of.
“We are in bull mode. For us, macro trends are not a source of fear.
Rising inflation and interest rates, large printouts of money, low growth or no growth all point to weakness in traditional finance.”
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