Coinbase Stock

While the crypto market has been fluctuating wildly lately, some are claiming the start of a new bull run. According to Eric Peters, CEO of One River Asset Management, the crypto winter is already behind us and a particularly strong bullish cycle is taking shape for the months and years to come.One River CEO predicts a bright future for cryptocurrenciesDespite some short-term setbacks, Eric Peters remains a long-term cryptocurrency optimist. He predicts that <a href="https://www.cointribune.com/crypto-impact-institutions/" rel="noopener noreferrer nofollow">institutions</a> will dive deep into the bull cycle.<blockquote>I think the next phase will be very powerful because there will finally be true institutional adoption.</blockquote>According to Eric Peters, the market has probably already entered that period. In a recent episode of <a href="https://www.youtube.com/watch?v&#61;z8oocKy3IwU&amp;ab_channel&#61;BanklessShows" rel="noopener noreferrer nofollow">the Bankless podcast</a>, Peters predicted that the crypto winter is over. He didn’t hesitate to compare last year’s fall to the Wall Street crash of 1929.<blockquote>I’m glad we got through this bear market, it really was a sort of 1929 stock market crash environment.</blockquote>Peters saw some benefit in the devastating crash of the cryptocurrency market in 2022, as it taught many novices valuable trading lessons.He advises potential investors not to get on board if they are not geared up for the <a href="https://www.cointribune.com/fin-de-lindice-de-la-volatilite/" rel="noopener noreferrer nofollow">volatility</a> and various market cycles. He concludes that those who welcome economic disruption stand to gain in the long run. In addition, they will have a better understanding of the economy as a whole.Eric Peters joins Coinbase to expand its businessCoinbase has expanded its business beyond retail by purchasing One River Digital Asset Management. The latter thus becomes Coinbase Asset Management.This acquisition marks an important step for Coinbase. In fact, the company is looking to bring more institutional capital into the crypto world. Coinbase Asset Management will operate as an independent unit and will be led by CEO and CIO Eric Peters.The lack of clear regulation is one of the factors preventing institutions from fully embracing the cryptocurrency ecosystem, according to Eric Peters.Institutional capitals should flow into the sector if the U.S., Europe or Canada enforce appropriate regulations, he said, while financial institutions could incorporate blockchain technology into their operations.Peters suggested that the bull cycle may have begun, pointing to the sharp rise in the market’s cryptocurrencies earlier this year.The value of bitcoin has risen more than 30 percent from late 2022, when it was worth $16,500, until today, when it trades at about $22,000. It even reached $25,000 in February. This is its highest level since June 2022.The investment opportunities that cryptocurrencies offer are undeniable. However, <a href="https://www.cointribune.com/coinbase-refuse-de-rembourser-les-pertes-des-clients-suite-a-une-violation-de-la-securite/" rel="noopener noreferrer nofollow">Coinbase’s refusal to refund</a> its customers’ losses proves that they still pose significant risks for institutions and individuals alike. <a href="https://www.cointribune.com/en/one-river-ceo-confirms-the-start-of-the-crypto-bull-run/" rel="noopener noreferrer nofollow">More</a>

One River CEO confirms the start of the crypto bull run

Cointribune EN

Andre artikler udgivet 14. mar. 2023

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