A former research analyst at crypto intelligence firm Messari believes the digital asset market will continue to rise for longer.
Ryan Watkins, co-founder of digital asset investment firm Syncracy Capital, say on the social media platform
According to Watkins, the digital asset market has changed with the rise of crypto-based exchange-traded funds (ETFs), projects proving their market suitability and use case, and an incoming US administration supporting the sector.
“I think most people would do better to eliminate the words ‘cycle’ and ‘alt season’ from their vocabulary.
While crypto will continue to ebb and flow, it is now a fundamentally different game, with a changing market structure, maturing projects and a new regulatory paradigm.
There will continue to be easier periods than others, and sector-level speculative booms all the time, but oversimplified models of the past are becoming less relevant by the day.”
Watkins believes the changes will lead to an extended crypto bull market that will test investors’ patience.
“Before the next extended bear market, higher than many expect, but taking longer to get there than most expect.
Current Twitter sentiment is overly dramatic.”
He too thinks that the explosion in the number of coins traded on the market is a net positive for the sector. According to Watkins, this condition will force market participants to be judicious in their investments to make profits.
“The spread is good. As the asset class matures, it will become harder to make ridiculous multiples by buying ridiculous assets, which in many cases only made money because it was all so early. Active management will be paramount as the spread continues and the opportunities extend beyond BTC.”
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