Mark Yusko of Morgan Creek Capital Management shares four altcoin projects he believes could withstand the market crash relatively well. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
Mark Yusko: Check out these 4 altcoin projects! Great…
Mark Yusko states that Solana (SOL), Avalanche (AVAX), Cosmos (ATOM) and Polkadot (DOT) are among the cryptocurrencies that can survive the bear market. In the case of Solana, the Morgan Creek founder says the seventh-largest blockchain by market capitalization is a “great protocol.” Mark Yusko adds the following to his explanations on the subject:
There is probably still some potential volatility in the price ahead. But in the long run, I think it’s a great protocol.
According to Mark Yusko, we will be in a bear market for the next 12 months!
According to Mark Yusko, cryptocurrencies will be in a bear market for the next 12 months before the next Bitcoin halving event starts a bull cycle. Mark Yusko adds the following to his explanations on the subject:
What you see is cryptocurrencies are definitely in a bear cycle. We will struggle for the next 12 months, then return to the next bull cycle triggered by the next halving event.
The last Bitcoin (BTC) halving event took place in May 2020. The next one is expected to occur in the first six months of 2024.
Mark Yusko states that Bitcoin is not associated with stocks
Mark Yusko also says that Bitcoin is not correlated with stocks, but may appear so on shorter timeframes. E.g; Bitcoin is down 7.77% to date compared to the Nasdaq, which has dropped 9.89% year-on-year following the Federal Reserve’s intention to raise interest rates. Mark Yusko adds the following to his explanations on the subject:
You cannot calculate correlation in the short run. The math just doesn’t work. And yes, it is true that ‘all correlations go to one’ in times of stress. Zoom out, Bitcoin’s correlation with stocks is 0.15 for long periods. Some weeks, some months it goes up, but in the long run it’s still 0.15 and 0 for bonds.
The correlation can take a value between -1 and 1. The higher the value, the stronger the correlation, and the lower the value, the weaker the correlation.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.