Cryptocurrency Crisis Could End Worse Than 2008, According to Bloomberg Analyst

Joe Weisenthal, one of Bloomberg’s podcast hosts, suggested that the fate of cryptocurrencies may not be as bright as the post-2008 real estate market.

Presenter and analyst Joe Weisenthal, 2008 Although the real estate market crisis and the crypto money market crisis we are in are similar at first glance, they are quite different. has a significant difference stated. Weisenthal, during and after the 2008 crisis they still need shelter but cryptocurrencies are currently that nobody needs expressed.

Currently the only source of income for the cryptocurrency industry speculation The server, which claims to be much sharper declines that it is natural to see and that it will be similar in the future. There will be many processes He said he guessed. On the other hand, Weisenthal also does not believe that cryptocurrencies will be reset because the desire to profit from high volatility completely disappears. it doesn’t seem possible stated.

Recently, the CEO of Binance, Changpeng Zhao, attended a conference in Indonesia and said that what is currently happening in the cryptocurrency markets. A process similar to the 2008 crisis he had suggested.

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