David Einhorn said that now the market does not satisfy any practical need for investors and traders, and soon some crypto funds will crash:
“We have reached the“ Fartcoin market cycle ”stage. In addition to trade and speculation, he does not serve any other obvious goal. Perhaps now we are moving from Fartcoin to the “Trump and Melania” phase … You can only guess what will happen next, but it will definitely be wild times. ”
The creation of a strategic bitcoin reserve in the United States is a suspicious way to spend money of taxpayers, and most likely such an initiative will not be implemented, Einhorn said.
The new White House administration, led by Donald Trump, will bring cryptornic even more uncertainty than ever before, and many companies will have to change their strategies in the conditions of increasing instability in the industry, the top manager said.
Earlier, Cryptoquant CEO of Ki Young Ju said that he doubts the prospects of the appearance of a strategic state reserve of bitcoins under the Trump administration in the United States.
Source: Bits

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