January 01, 2023 from ZeroHedge News
"Doom Cycle Of Default, Fraud, And Contagion" Could Give Way To Crypto Spring

Crypto endured a major hangover year in 2022 after a 2020-21 boom during the central banks' Covid liquidity party. The emerging blockchain space was battered by central banks removing the punch bowl, harsh macroeconomic environment, bankruptcies, exchange blowups, stablecoin implosions, and even criminal charges against top crypto executives. 

"Consistent interest rate hikes and quantitative tightening in 2022 granted us a devastating hangover. Fortune did not favor the brave, and we entered a consistent doom cycle of default, fraud, and contagion. A financial crisis with seemingly no end that still ravages our industry. In 2022, the naked swimmers were exposed and bad apples got eliminated. This is promising through long-term lenses, while ever so painful in the short term," Vetle Lunde, research analyst at Arcane, wrote. 

Lunde wrote if 2022 had one key lesson for the crypto industry, it would be the following: "your funds in someone else's custody is someone else's liability, and their intentions could be harmful. While there are good arguments for storing funds at exchanges, traders should strive to avoid concentrating risks on one venue."

Arcane's analyst put together the top headlines that defined the crypto industry in 2022 -- much of the headlines were doom and gloom. 

Lunde pointed out Bitcoin recorded the second worst year-to-date returns in existence. He called the down move in crypto "a painful ride." 

Lunde continued with an outlook for 2023, expecting a calmer market due to declining volatility. 

We expect the market to calm down in 2023, with declining volumes and falling volatility. Overall, we expect interest and headlines related to crypto to be fewer and the market to be less hectic in general. This will be a year to accumulate and build exposure. It will be a year for the patient, and we do not anticipate prices nearing former all-time highs in 2023. We believe BTC and ETH will increase their relative strength in the market and that altcoin returns will be subdued for most of the year.

And he revealed further the current drawdown in Bitcoin appears to follow similar bear market patterns in previous cycles.  

The 2018 bear market saw a 364-day long duration from peak to through, while the 2014-15 bear market lasted for 407 days. For now, BTC has bottomed 376 days after peaking, right in between the duration of earlier cycle peak to through periods. If a new bottom is reached in 2023, this will be the longest-lasting BTC drawdown ever.

And one silver lining the analyst said about the FTX debacle is that it might increase "more rapid progress with regulations, and we view both positive signals related to U.S. spot BTC ETF launches and more coherent classifications of tokens as a plausible outcome by the end of the year, with exchange tokens being particularly exposed for potential security classifications."

Here is Lunde's core 2023 forecast for crypto:

While the tightening macro landscape and BTC's correlated relationship to macro complicate analogies to previous bear markets, we firmly believe that this is an excellent area to build gradual BTC exposure. However, we expect low activity to be the key trend throughout most of 2023, with diminishing trading volumes and volatility in a significantly more boring market than the previous three years. As we advance into the next year, patience and long-term positioning will be key. 

Much of the crypto down cycle has come since the Federal Reserve embarked on its most aggressive tightening scheme in decades. 

And rate traders are already pricing in the possibility the Fed might have to begin cutting late in the second half of 2023. 

He also noted Bitcoin liquidity is drying up as the coins are being pulled off the markets. 

This has direct implications for BTC liquidity and, in particular, experienced BTC scarcity. With fewer BTC available to trade, the impact of the net buyer or net seller will be more significant, and we believe the market is slowly headed towards a scenario where the net buyer will once again make a difference.

The backward-looking review and forward outlook might suggest crypto winter has peaked, while others, such as David Marcus, CEO and founder of Lightspark, recently warned crypto will need until at least 2024 to "recover from the abuse of unscrupulous players." 

Tyler DurdenSun, 01/01/2023 - 12:45
Read Original Article
https://www.zerohedge.com/crypto/doom-cycle-default-fraud-and-contagion-could-give-way-crypto-spring
See Also ...
https://rumble.com/v13kefy-must-see-the-plan-who-plans-for-10-years-of-pandemics-from-2020-to-2030.html
December 19, 2022
THE PLAN shows the official agenda of the World Health Organization to have ten years of ongoing pandemics, from 2020 to 2030. This is revealed by a WHO virologist, Marion Koopmans. You will also see shocking evidence that the first pandemic was planned and abundantly announced right before it happened.
https://rumble.com/v1wac7i-world-premier-died-suddenly.html
November 28, 2022
Why do we never believe them? For centuries, the global elite have broadcast their intentions to depopulate the world - even to the point of carving them into stone. And yet… we never seem to believe them. The Stew Peters Network is proud to present DIED SUDDENLY, from the award winning filmmakers, Matthew Skow and Nicholas Stumphauzer.
https://rumble.com/v1toxoi-science-for-hire-depopulation-by-vaccines-documentary.html
November 14, 2022
This well researched documentary is a must see if you want to understand how governments around the world were deceived into BELIEVING the "science" which underpinned the global COVID response. How could people up to the highest levels of society be deceived?
https://rumble.com/vuo3ng-dr.-richard-fleming-shares-luc-montagniers-discovery-on-hiv-and-spike-prote.html
October 04, 2022
Montagnier won the 2008 Nobel Prize for his co-discovery of the link between HIV and AIDS. Fact checkers swiftly deemed these claims to be false and the paper was taken down.
https://prosecutenow.io/
September 24, 2022
Cardiologist, Nuclear Cardiologist, Physicist, PhD, MD and JD, Dr. Fleming under oath describes the Spike protein bioweapon timeline and the parties involved in its development.
https://expose-news.com/2022/08/14/gov-reports-prove-hundreds-thousands-dying-covid-vaccine/
August 14, 2022
You were told the answer to everyone’s prayers was to get the Covid-19 injection. But now that you have done so, the healthcare system is on the brink of collapse. Waiting times for ambulances are at an all-time high. The number of emergency calls due to people suffering cardiac arrest is at an all-time high. The number of people dying is at an all-time high, with hundreds of thousands of excess deaths occurring around the world every single week.
https://odysee.com/@VSRF:d/VSRF-Webinar-EP-36_063022_Final_Odysee:7
July 11, 2022
Steve Kirsch talks with Brook Jackson and her top legal leads Warner Mendenhall, Robert Barnes about her False Claims case against Pfizer et al.
https://earthnewspaper.com/2022/06/07/brook-jackson-pfizer-whistleblower-lawsuit-will-proceed-to-discovery-537/
July 10, 2022
Brook Jackson is the Pfizer whistleblower. Her attorney, Robert Barnes, says that Brook Jackson exposed the fact that the Pfizer clinical trial was riddled with errors and fraudulent and false certifications to the US government.
https://greatgameindia.com/twitter-sued-covid/
July 09, 2022
The physicians said that they were suing Twitter for permanently suspending them for posting truthful information about COVID and also failing to provide them with verified badges.
https://www.thelibertybeacon.com/another-crude-package-of-lies-and-deceit-slithers-into-view-as-who-prepares-monkeypox-psyop-to-cover-up-the-damage-done-by-the-previous-psyop/
June 19, 2022
We are pleased to bring your attention to the following featured article because it is a clear, well-written description of the monkeypox fraud delivered in a hard-hitting, no-nonsense style. We’ve added some emphases in red. [...]
https://principia-scientific.com/pfizer-docs-reveal-800-people-never-finished-trial-due-to-death-or-injury/
June 16, 2022
One of the confidential Pfizer documents reveals that approximately 800 people never completed the phase 1 Pfizer Covid-19 vaccine trial. Click title above to read the full article
https://www.fullyliveacademy.com/more-videos
June 05, 2022
Instantly view those 3 videos or join the Fully Live Community where you can see various talks and interviews with David, as well as talks with David & Kim! By joining the community you will have access to many more videos!
https://odysee.com/@I-Rabbi-T:3/MONKEYPOX--WAS-COVID-JUST-A-TEST-RUN-DR.-DAVID-MARTIN-INTERVIEW:6e
June 03, 2022
Dr. David Martin lays it all out brilliantly. Inspirational!
https://rumble.com/vov60h-dr.-david-martin-follow-the-patents-then-you-will-understand-covid.html
June 03, 2022
Part 1 at Wise Traditions Conference 2021 on November 5, 2021
Notify me of
Guest
0 Comments
Inline Feedbacks
View all comments