Speaking on “Mornings with Maria“, Delta blockchain Fund founder Kavita Gupta says that “we are seeing one of the biggest dips in the crypto market in a long time” as the prices have “slashed down” from all-time highs. And she also believes “a crypto winter is here” as bitcoin traded below $30,000.
Additionally, Gupta pointed to the bitcoin price drop as “a crypto winter is here.” While the price of bitcoin and ethereum is trading at around half of its high price.
In addition to this Gupta warns that the crypto market is currently experiencing a “correction” from its “crazy speculative highs, and looks like it’s going to stay.”
Bitwise Asset Management CIO Matt Hougan argued that the markets are experiencing significant short-term volatility.
And are experiencing the macro-driven risk repricing of all risk assets, including Bitcoin. He further warns about the crypto volatility sticking around for next few months .
Additionally, Varney & Co, also warns that crypto market volatility will persist over the next three to six months.
Varney & Co also believes that the long-term outlook for bitcoin is very strong.
According to the recent report, Bitcoin dipped to $25,000, the lowest since December 2020, and then rebounded to over $30,000, experiencing a lot of volatility.
Again proving its volatility, crypto traded just below $30,000, down from all-time high of over $68,000 reached in November 2021.
Additionally, Gupta in an interview with Bloomberg Technology said that due to the impact of the crypto winter, the price of Bitcoin may even fall to $14,000 alongside the drop in the price of Ethereum.
She also gives a positive note on Bitcoin high saying that, “Bitcoin is still on course for another new high in just over a year despite the crypto winter.”
Believing that the market correction and more companies using bitcoin on their balance sheets will provide an opportunity for greater bitcoin adoption. Which, in turn, drives bitcoin in price to another new high.
Gupta further speaking on collapse of TerraUSD, says this collapse will affect the next move of the stablecoin market, aiming to pegged to another crypto and stay aways from fiat to avoid Tearr’s fate.
