Meltem Demirörs, chief strategy officer of CoinShares, said: crypto- He noted that blue-chip traders are still waiting as assets begin their “most hated rally.”
CoinShares manager Meltem Demirörs says in a new interview with CNBC Television that institutional investors, along with many retail traders, are still waiting.
“There are many different factors that buyers price into. However, big traders have not started buying yet. There are still many institutional investors waiting. The sign for me will be when retail returns and meme coins start running.
Demirors noted that the digital assets industry is in the midst of its “most hated rally.” Because he is of the opinion that the public is tired of hearing about cryptocurrencies.
“2022 was a bad year for us. Additionally, the FTX event continuing until the end of the year did not present a good outlook.
We also saw Binance founder Changpeng Zhao settle with the SEC.
Looking ahead, I call this the ‘most hated rally’. We are entering the end of the year. Everyone is tired of hearing about crypto.
Koinfinans.com As we reported, the total market value of crypto assets on October 23 was $1.06 trillion. It currently stands at $1.60 trillion, according to TradingView.