Cryptocurrencies rise higher than expected as an asset class now in a ‘radically different game’: investor Ryan Watkins
A former research analyst at cryptocurrency intelligence firm Messari believes that the digital asset market will rise for a while longer.
Ryan Watkins, co-founder of digital asset investment firm Syncracy Capital, He says On social media platform
According to Watkins, the digital asset market has changed with the emergence of cryptocurrency-based exchange-traded funds (ETFs), projects proving their market fit and use case, and the incoming US administration supporting the industry.
“I think most people would be better off eliminating the words ‘cycle’ and ‘alternate season’ from their vocabulary.
Although cryptocurrencies will continue to ebb and flow, it is a radically different game now, with a changing market structure, mature projects, and a new regulatory model.
There will still be easier periods than others, and there will still be speculative booms at sector levels all the time, but the over-simplistic models of the past are becoming less relevant by the day.
Watkins He believes The changes will lead to an extended bull market for cryptocurrencies that will test investors’ patience.
“Ahead of the next extended bear market, higher than many expect, but taking longer to get there than most people expect.
The current sentiment on Twitter is very interesting.
Him too He believes The explosion in the number of currencies in circulation in the market is a net positive for the industry. According to Watkins, this condition will force market participants to be prudent in their investments in order to realize gains.
“Dispersion is good. As the asset class matures, it will be difficult to achieve ridiculous multiples by buying ridiculous assets, which in many cases only made money because it was too early. Active management will be paramount as dispersion continues and the opportunity turns “It’s beyond Bitcoin.”
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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