Copper’s Fadi Aboualfa and The Block’s Larry Cermak Unbox Crypto Markets in 2022

[ad_1]

Episode 83 of Season 3 of The Scoop was recorded remotely with Frank Chaparro and Larry Cermak of The Block, vice president of research at The Block, and Fadi Aboualfa, head of research at Copper.

Listen below and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Email your comments and review requests to [email protected]

This episode is brought to you by our sponsors Bakkt, Kraken and Kava

Bakkt® unlocks over $ 1.2 trillion in digital assets currently held in cryptocurrencies, rewards and loyalty points, game assets and merchant stored value. We started in 2018 with the vision to bring trust and transparency to digital assets. Thanks to the Bakkt Warehouse and Bakkt Bitcoin Futures and Options contracts, we serve institutional clients in an end-to-end regulated market with true price transparency. For consumers, Bakkt aggregates digital assets to enable instant liquidity and allow users to trade, transfer and pay however they want. Visit Bakkt.com for more information

About Kraken Whether you are an experienced crypto trader or a newbie, Kraken has the tools to help you achieve financial freedom. With over 50 cryptocurrencies to choose from, industry-leading security, and a wide variety of features to suit any investment strategy, Kraken puts the power in your hands to buy, sell, and trade digital assets. Visit Kraken.com to get started today.

About Kava For over four years, Kava Labs has helped build a portfolio of decentralized products and services that provide users with access to all the benefits of DeFi. Kava connects the world’s largest cryptocurrencies, ecosystems, and financial applications to one of DeFi’s most trusted, scalable, and secure revenue platforms. Kava allows you to securely and efficiently issue stable coins, lend, borrow, earn and trade on the world’s largest crypto assets with a simple and intuitive user experience and the full confidence of ‘security and quality at institutional level. With a proven track record of delivering successful projects safely, the Kava platform is DeFi’s most reliable, scalable, and secure institutional-level cross-chain engine.

advertising

As 2021 draws to a close, Copper Research Director Fadi Aboualfa has joined The Block Vice President of Research Larry Cermak and host Frank Chaparro to unveil the trends that have shaped the market. crypto this year as well as the future dynamics that may loom on the horizon.

Aboualfa highlighted the rise of so-called memes cryptocurrencies like dogecoin and shiba inu, which have gained in value this year. Aboualfa said their rise is linked to strong social and community elements.

“There is a social aspect to this price appreciation,” he said. “But we have to remember that bitcoin also started out as a social coin. Bitcoin started with a few people who really believed in it and started talking about it a lot.”

“Crypto markets can be extremely irrational and they can become extremely rational,” he added.

Another trend unveiled by Aboualfa was the race to become Ethereum’s next killer. Projects like Avalanche and Solana are among Layer 1s that have seen their prices rise, with investors appearing to believe these blockchains could be superior to Ethereum.

Ultimately, Aboualfa and Cermak both agreed that the crypto markets would not face a prolonged bear market similar to the one that occurred in 2018, but the markets will face volatility and downturns. short-term setbacks. Cermak described two major risks in 2022 facing the markets:

“One is that, you know, central banks are now starting to hint at phase-down measures, starting to hint at being less aggressive when it comes to just responding to Covid and reacting to the situation. . This, I think, can have a very negative effect when the market starts to price in the sense that central banks are going to be much more conservative. “

“The second risk that I think is quite real, but I think it is now smaller after what I saw yesterday at the hearing is regulatory risk in the United States,” he said. he added, referring to the recent U.S.-hosted crypto hearing. House Committee on Financial Services.

© 2021 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.

Trending Stories

[ad_2]