September 27, 2022

A well-known expert gave a positive forecast for the crypto market

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Chris Berniske, one of the managers of Placeholder venture company, shared with the public his optimistic long-term forecasts regarding the capitalization of the cryptocurrency market. The reason was the statements of representatives of the retail investor community about the futility of the digital asset segment.

Users expected the value of Bitcoin (BTC) to hit the $100,000 mark during the previous 2021-2022 bull cycle. The price of Ethereum (ETH) was also predicted to reach $10,000. At the moment, investors have lost faith in the possibility of achieving such indicators in the future. According to information as of 19:00 Moscow time on June 28, 2022, the current BTC rate was $20,808, the ETH digital coin is trading at $1,199. The total money supply of cryptocurrencies has dropped to $937 billion, having lost more than $2 trillion out of $3 trillion over the past 7 months under the pressure of bears.

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