According to PANews, Scott Melker, a cryptocurrency trader and investor known as “The Wolf of All Streets,” said on the X platform that there are only tailwinds for the cryptocurrency industry, that is, only positive factors. While prices have yet to react to this, taking a long-term pessimistic view now is likely to be a poor decision. Matt Hougan, chief investment officer of Bitwise, commented that the crypto market faces multiple short-term, negative and non-cyclical headwinds: Mt. Gox, US government sell-off, etc. But there are also multiple long-term, large, and significant tailwinds: ETF inflows, court victories, infrastructure improvements, and the Lindy Effect. These short-term, non-cyclical headwinds are weighing on prices. This is a boon for long-term investors.
