Chainlink Co-Founder Announces The Key To The Rise In Cryptocurrency! “Crypto Rises If This Happens!”

Leading cryptocurrency in 2022 Bitcoin (BTC) including all cryptocurrency in units There were decreases and high volatility was seen.

Increasing inflation and the interest rate hikes made by the FED to reduce inflation were also effective in these declines.

Speaking on CNBC’s Street Signs Asia program Sergey Nazarov, founder of Chainlink (LINK) He said he expects a rise in crypto.

Stating that a global economic recession is expected as a result of increasing inflation and interest rate hikes, Nazarov claimed that the coming of recession will benefit cryptocurrencies.

Sergey Nazarov, who thinks that if there is a recession, cryptocurrencies can do better than almost any other asset, Sergey Nazarov said that the purpose of crypto is to produce an alternative financial system that will not be subject to the type of failures that a global recession can bring.

To Chainlink co-founder bitcoin, Left (LEFT) and Ethereum (ETH) It was also asked that the rise in cryptocurrencies such as these is not sustainable.

“The rises in cryptocurrencies came after long-running interest rate hikes. In addition, cryptocurrencies have followed the market indicators of big technology very closely in the last one or two years.

Macro indicators that make big tech stocks attractive will also make crypto attractive unless there is a major global recession. With these stocks, crypto will also rise.

It is a fact that cryptocurrencies are anti-inflationary assets. If a recession comes, crypto will outperform all other assets.

Despite the decline in cryptocurrencies over the past year, I don’t think it’s bad enough in terms of an inflation hedge.

When there is cheap money again, there will be an introduction to cryptocurrencies.”

Ranked 22nd by market value Chainlink (LINK) It is trading at $6.13 at the time of writing, with an increase of 7.66% it has experienced in the last 7 days.