Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, said that the drop in bitcoin (BTC) after Russia’s attack on Ukraine was not a surprise.
Bankman-Fried, February 24 via Twitter account market scenario in a series of posts dealing with The drop in bitcoin after Russia’s attack on Ukraine is not surprising. expressed.
War is a market cash crunch created and that both traditional as well as in crypto markets Saying that it leads to sales, Bankman-Fried also bitcoinThe recent price drop in two-year high reaching Nasdaq and S&P 500 He stated that it was also related to the increasing correlation with
in Eastern Europe currency destabilization. taking attention Bankman-Friedinvestors in the region in the future. may seek alternatives to foreign currency and this situation make bitcoin an obvious choice mentioned.
In addition, he shared the investor mentality in his posts. basis and algorithmic Bankman-Fried, who divides it into two types, algorithmic investors. prefers data, of key investors He stated that he is looking at the market situation and sentiment.
Considered by many to be an inflation hedge and expected to resist a potential crisis, experts say. bitcoin‘s falling more than other markets, crypto is a new asset class He says he proved it.
Experts See Bitcoin as a New Asset Class
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