Monday, February 6, 2023
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • en English
    ar Arabicbg Bulgarianzh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
Crypto Miracles
Advertisement
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Dogecoin
    • Litecoin
    • Ripple
    • Altcoin
    • Press Release
  • Blockchain
  • People
    • Opinion
    • Interview
  • Business
  • Technology
  • Market
  • Analysis
  • Live Price
  • Regulation
  • Guide
No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Dogecoin
    • Litecoin
    • Ripple
    • Altcoin
    • Press Release
  • Blockchain
  • People
    • Opinion
    • Interview
  • Business
  • Technology
  • Market
  • Analysis
  • Live Price
  • Regulation
  • Guide
No Result
View All Result
Crypto Miracles
No Result
View All Result
Home Interview

The rising need for sound currency systems could ignite the next bull run, says OKCoin’s CEO

December 21, 2022
in Interview
Reading Time: 3 mins read
0
The rising need for sound currency systems could ignite the next bull run, says OKCoin's CEO
Share on FacebookShare on TwitterPinShare on Reddit


  • OKCoin’s CEO believes that the rising need for sound currency systems could result in the next bull run.

  • More countries will follow El Salvador’s footsteps and adopt digital currencies, the CEO added.

  • The next Bitcoin halving in 2024 could also trigger a surge in crypto prices.

Three catalysts could ignite the next bull run

Okcoin CEO Hong Fang, revealed in a recent interview, that he believes three catalysts could trigger the next Bitcoin bull run. He mentioned this while talking to Kitco News earlier this week.

According to Fang, the rising need for sound currency systems, caused by the failures of current centralised monetary systems, could serve as a catalyst for the next crypto bull market.

He added that he envisions a scenario where more countries will follow El Salvador’s footsteps and make Bitcoin a legal tender. Fang said;

“I think from a macro perspective, we continue to see challenges out there… I think the World Bank recently came out saying that a dozen countries may default on their own country’s debt next year, which is a failure of a centralized monetary system. I would suspect that the fundamental need for a more sound money will continue to build in the background, something like El Salvador, but maybe of a larger size.”

Bitcoin halving could trigger the next bull cycle

According to Fang, the next Bitcoin halving event in 2024 could also trigger a bull cycle. He stated that;

“Bitcoin has its own [halving] cycle. I don’t know if it’s coincidental that the past crypto cycles have somewhat coincided with the Bitcoin [halving] cycle, but that may also be another catalyst…I think the third potential catalyst is real projects. Every time we have a bull market with Bitcoin, with DeFi [decentralized finance] and NFTs [non-fungible tokens], that was because a lot of builders, they built projects in the last bear market. So I think that all of the projects that are being built right now, when there is a little more substance that can be felt by the customers that they tend to serve, [it] will trigger another bull market.”

The leading cryptocurrency has been underperforming in recent months, with the price of Bitcoin now close to the $17k mark. 


Share this article

Categories

Tags



Source link

Related articles

bitcoin recent rally not sustainable

Pro: the recent rally in Bitcoin may not be ‘sustainable’

January 29, 2023
Bitcoin’s recovery will depend on a lot of macro-activities affecting the market, says Dan Ashmore

Bitcoin’s recovery will depend on a lot of macro-activities affecting the market, says Dan Ashmore

January 20, 2023
Share2Tweet1PinShare
Previous Post

The new FTX management has located $1B in assets, including $720M cash

Next Post

Three Countries Account for Nearly Two-Thirds of Africa’s Crypto Holders — Study – Africa Bitcoin News

Related Posts

bitcoin recent rally not sustainable

Pro: the recent rally in Bitcoin may not be ‘sustainable’

by
January 29, 2023

Katie Stockton expects a pullback in Bitcoin price ahead. She explained her “neutral” view on CNBC’s “Squawk Box”. Bitcoin has...

Bitcoin’s recovery will depend on a lot of macro-activities affecting the market, says Dan Ashmore

Bitcoin’s recovery will depend on a lot of macro-activities affecting the market, says Dan Ashmore

by
January 20, 2023

Coinjournal’s Dan Ashmore says numerous factors, including inflation and rate hikes, have affected the prices of most cryptocurrencies. He told...

The audit reports of crypto exchanges were anything but an audit, says Dan Ashmore

The audit reports of crypto exchanges were anything but an audit, says Dan Ashmore

by
January 20, 2023

Coinjournal’s Dan Ashmore told CNBC that the audit reports by cryptocurrency exchanges were not really audited reports. The analyst pointed...

The outlook for crypto is not horrible, but it's not great, says Mike Novogratz

The outlook for crypto is not horrible, but it’s not great, says Mike Novogratz

by
January 11, 2023

Galaxy Digital’s Mike Novogratz says that the outlook for crypto is not looking great at the moment. More companies will...

Only 5 exchanges will survive, Coinbase will be one of them

Only 5 exchanges will survive, Coinbase will be one of them

by
January 11, 2023

Cuts are “enough for now” based on the current trading environment Coinbase can be one of the few survivors of...

Load More
Next Post
Three Countries Account for Nearly Two-Thirds of Africa’s Crypto Holders — Study – Africa Bitcoin News

Three Countries Account for Nearly Two-Thirds of Africa's Crypto Holders — Study – Africa Bitcoin News

Ethereum vs. Bitcoin

Ethereum (ETH) Will Overtake Bitcoin, At Least Temporarily

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions.

4 × two =

Crypto Miracles

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics, and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency.

Categories

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Business
  • Dogecoin
  • Ethereum
  • Guide
  • Interview
  • Litecoin
  • Market
  • Opinion
  • Press Release
  • Regulation
  • Ripple
  • Technology
  • Uncategorized

Recent Posts

  • Starkware Plans to Open Source Key Tech Linked to Starknet Prover – Bitcoin News
  • Interpol Is Figuring Out How the Metaverse Will Be Policed – Metaverse Bitcoin News
  • India to Introduce Measures Around Crypto This Year, Says Government Official – Regulation Bitcoin News

Newsletter

    • About Us
    • Contact Us
    • Privacy Policy
    • Terms and Conditions

    cryptomiracles.com © 2021 All rights reserved.

    No Result
    View All Result
    • Home
    • Crypto News
      • Bitcoin
      • Ethereum
      • Dogecoin
      • Litecoin
      • Ripple
      • Altcoin
      • Press Release
    • Blockchain
    • People
      • Opinion
      • Interview
    • Business
    • Technology
    • Market
    • Analysis
    • Live Price
    • Regulation
    • Guide

    cryptomiracles.com © 2021 All rights reserved.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.