The increasing interest in Bitcoin and crypto money markets has also directed the mainstream media to this sector. While we did not even hear the word Bitcoin in the mainstream media a few years ago, today we see that detailed analyzes of altcoins are shared. Economic programs, which cannot remain indifferent to the interest of the society, are now evaluating the agenda by opening a separate topic for Bitcoin.
After the sharp rise in Bitcoin, economist Aysun Karaytuğ, who evaluated Bitcoin in the Day View program broadcast on TV100, warned investors. Saying that the regulation signals for Bitcoin and cryptocurrencies have increased worldwide, Karaytuğ emphasized that this issue is the sensitive point of the industry and said, “Those who are in profit should vacate their positions like February and March.”
“As an institution, we expect a definite regulation and tax regulation in 2022. Those who have portfolios in crypto like the first quarter of 2022 should look to relax their positions. There will be volatility at that point. As you know, the USA (SEC) has made statements about the regulations that will come to cryptocurrencies many times recently. When we take this into consideration and look at the forward-term pricing, in my opinion, after the start of the second quarter of 2022 until the last quarter, a painful process can be experienced.
We say this by looking at a lot of data. Volatility, risk premium etc. a lot of data tells us to be careful in this range.
From a short-term perspective, a profit sale may come in the next 10 days. However, we foresee that the rise will continue towards the end of the month and even until the December-January period. If there is a rise in parallel with these expectations, I think those who are in profit should vacate their positions like February and March.
This does not mean that cryptos will end. After the painful process is over, re-entry can be evaluated after the regulations are in place. ”
*Not Investment Advice.