您现在的位置是:Crypto is "maturing well", Mohamed El >>正文
Crypto is "maturing well", Mohamed El
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛71934人已围观
简介Crypto is getting more and more institutionalised and maturing well, says Mohamed El-Erian.The top e...
- Crypto is getting more and more institutionalised and maturing well, says Mohamed El-Erian.
- The top economist pointed to the flip in sentiment from major players such as BlackRock as good for crypto.
- El-Erian also commented on US inflation.
Mohamed El-Erian, the chief economic advisor at Allianz, says the cryptocurrency industry is getting more institutionalized and maturing well. The economist and president of Queen’s College, Cambridge, shared the outlook during an interview with CNBC’s “Squawk Box” show on Tuesday.
His comments also came as Bitcoin bounced off lows seen on Monday to trade above $26,000 as the broader market awaits the latest on US inflation. BTC was also up as asset manager Franklin Templeton filed for a spot bitcoin ETF to add to those of BlackRock, Fidelity and others.
Crypto becoming part of global ecosystem
According to El-Erian, the growing embrace of crypto by big mainstream players can only be good for the sector even amid the wider scope of Fed’s rates path.
“Crypto is settling as part of the ecosystem. People have recognized it’s not the new global currency. People have also realized it’s not going to disappear tomorrow. It’s been institutionalized. If I were a crypto person, this maturation process is a good thing,” he told CNBC.
The investor also noted that headline inflation is likely to “prove much more complicated”, with core inflation less well behaved amid the Fed’s battle to bring it to its desired 2% level.
In his opinion, the market may have to absorb the notion that the trajectory is “higher for longer.” He also thinks that the assumption is that the Fed will have to cut rates beginning early 2024, but this may not happen.
El-Erian, who said he could not predict where the crypto market is headed in terms of price performance, is however optimistic about crypto’s future in relation to the growing adoption by Wall Street giants. It is this perspective that could outline the potential impact to cryptocurrency prices.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/195469.html
相关文章
Ethereum price prediction: Dangerous patterns have formed
Crypto is "maturing well", Mohamed ElEthereum price made a strong bearish breakout on Thursday as investors reflected on the latest minut...
阅读更多
Valkyrie's Bitcoin Miners ETF set to list on the Nasdaq today
Crypto is "maturing well", Mohamed ElValkyrie Investments is today listing its third Bitcoin-related ETF on the New York -based stock exc...
阅读更多
UST’s crisis is destructive
Crypto is "maturing well", Mohamed ElTerra’s stablecoin has lost its peg to the dollar and is trading around 5 cents at the moment....
阅读更多
热门文章
- Ukraine Lands First Place On Global Crypto Adoption Index
- Anonymous Turns to CultDAO for Support Against Unjust Government Actions
- New Zealand Central Bank Interested in CBDCs
- BNB Coin price prediction as ecosystem transactions retreat
- CEO of Ripple Says Company Might Relocate HQ
- No end to Quant’s rally in sight: top places to buy Quant now
最新文章
Which Privacy Coin should you invest in?
Shiba Inu (SHIB) vs Baby Dogecoin (BABYDOGE): The profitable meme coin
Where to buy Vabble as VAB rises by 94%
PSG token surges as Messi joins French club
Ripple pens new partnership for remittances to Thailand
Sun: Tron will have ‘no problem repelling speculation’