According to CryptosRus host George Tang, the cryptocurrency market is on the verge of a significant turning point. Tang noted Bernstein's upbeat research note and Standard Chartered's optimistic outlook, emphasizing that it's time for investors to increase their stake in cryptocurrencies.
"Welcome to the #cryptocurrency bull market. Buy what you can, don't fight back. Add cryptocurrency as soon as possible
Tung quoted the title of Bernstein's post. He agreed with him, saying: "When you're in a bull market, you're basically just buying, you don't need information no matter what". Because in a bull market, almost everything goes up. {
Indeed, after the election, almost everything went up. #Bitcoin is up about 25%, and #Solana and #Ethereum have shown similar growth. We recognize that the market has not yet entered a full-blown bull market
ia believes that this is inevitable. "We have a very specific altcoin that is gaining momentum, but soon it will be everything. As Bitcoin rises, the fear of retail (FOMO), the fear of missing out on something, and everything gets confused,
he explained.
On Wednesday, memcoin, promoted by Elon Musk (Peanut Protein), rose 4000% since the election.
Tung also talked about Standard Chartered's prediction that the entire cryptocurrency market will grow to ¥10 trillion. "That's what I said too. It looks like Standard Chartered and everyone else is probably watching my video right now, he said. He added: "I said 110 trillion very simply. In fact, I think 10 trillion is conservative. I think it could be more. I think it could be around 220 trillion. Tung emphasized that the altcoin market could grow significantly once it reaches these levels.
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