Cryptocurrency Investors, who are under the influence of the decline in the market, are focused on good news from analysts and important names.
Like analysts who say that the decline in Bitcoin and the crypto market in general is normal and that cryptocurrencies will rise. Goldman SachsLloyd Blankfein, former CEO of , said in a recent interview with CNBC that he is optimistic about cryptocurrencies.
Cryptocurrencies Proven Success!
Expressing that he was skeptical of cryptocurrencies in the past, the famous CEO stated that his view on cryptocurrencies changed after the rapid growth and the market value reaching trillions of dollars.
“I may be skeptical, but look, my perspective on cryptocurrencies is changing. I can’t predict the future, but I can predict the present and I can see the cryptocurrency ecosystem maturing over the years.”
Blankfein continued his words, arguing that the harsh corrections in the market within the large crypto ecosystem that has formed will not affect the success of cryptocurrencies:
“The crypto market has lost a lot of value, but this has happened at a point where the trillions of dollars that have contributed to it and entire ecosystems have grown around it.”
The total market capitalization of cryptocurrencies dropped from $3.1 trillion in November to just under $2 trillion last week. It is currently worth 1.51 trillion dollars according to CoinMarketCap data.
*Not investment advice.