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Although the crypto economy has been falling for some time, Kyle Samani, the managing partner of Multicoin Capital, recently shared his views on why he believes that “the next market will not be like the previous one.” In fact, Samani commented that there may not even be “the slightest market.”
The Multicoin Capital government claims that “the next market will not be the same as the previous one”
One factor, as expected, is that cryptocurrency investors are afraid of a comprehensive market. Just like the past two crypto winters, the cost of cryptocurrency will drop by 80% every time it rises. At present, since the high point of the value of cryptocurrency on November 10, 25% to 30% of the value has been lost, and pessimism has put pressure on the entire cryptocurrency economy. However, despite the half-hour drop in market value, Kyle Samani, the managing partner of Multicoin Capital, shared his thoughts in the latest Twitter post revealed 2 days ago.
“Why won’t the subsequent market be like the last one,” Samani said affirmatively. “In fact, we have the tendency to have no market at all. Or we tend to have 0.5 market and bet on your point of view.” Samani Roughly speaking, cryptocurrency has two units: “currency cryptocurrency” and “technology” Cryptocurrency”. Recently, or since 2017, Samani claimed that school encryption clusters dominate. “Since 2017, school cryptocurrency has regained its dominance,” Samani emphasized.
Samani commented that recently, it is clear that school encryption is dominant in the Associate of Nursing. He said, “There are still countless people who simply recognize BTC as an inflation hedge, but they represent less and less. [percentage] Media, social media, conference speeches, etc. The Multicoin Capital government added:
Currency encryption personnel mainly consider interest rates, the politicization of the central bank, etc., while school personnel are concerned about construction. Inevitably, politicians/CB can do something bad for BTC as an inflation hedge. Whether it’s banning it (or trying), or just raising interest rates, or whatever. The behavior of these institutions will naturally ebb and flow, and BTC-USD can answer this question naturally.
Samani insists on the existence of a large amount of capital that “will not believe in Bitcoin”-“Technical cash does not care about the macro”
Samani stated more clearly that the people at school don’t care about the forms of things that “they just want to create cool new things.” If Bitcoin was born five percent due to government enforcement, Samani claimed that school personnel could still build and investors could “invest in school cryptocurrency.”
Samani pointed out on Sunday: “What is achievable is that encryption technology is a few years before this idea actually entered.” “But at this time, it doesn’t matter. The train has left the station: all school builders and investments. All of them have guaranteed the school encryption because it has the opportunity to reshape the business, financial and social structure of pregnancy. And they are a comfortable meeting and have been held for many years,” the Multicoin Capital government said.
Samani insists that there is a large amount of capital there “will not believe in BTC because they do not believe in owning non-productive assets.” Crypto advocates believe that if there is a market, he expects solana (SOL) and Ethereum (ETH) to greatly exceed Bitcoin (BTC). “School cash doesn’t care about the macro,” Samani thinks. “They just want long-term [on] They think things will change the earth. “
Samani predicts “Once Bitcoin is flipped, the Bitcoin game is over”
Because “everyone knows that code is taking over the planet”, Samani predicts that the demand for SOL and ETH may rise. He emphasized that everyone wants to be part of “the next huge school wave, and cryptocurrency may be one of them.” The managing partner of Multicoin Capital emphasized that he believes that “BTC can be flipped in the medium term. “He believes that as the moving ridge of school cash enters the crypto economy, it will force individual macro-cash clusters. Samani added:
Once the BTC is flipped, the BTC game is over. An important part of the BTC value pillar is that it is the most important and most liquid. Once these are no longer true, there is less supply. As people have admitted, this may become a reality, and a large amount of cash in BTC can be transferred out and transferred to SOL and ETH and other different production names.
After these statements, Samani speculated on his theory and added that the market that followed does not seem to be the last one, and emphasized that “decoupling is real.” “When BTC is flipped, things become *really* fascinating,” the Multicoin Capital government said.
Post Multicoin Capital Exe stated that “there may not be the slightest crypto market”, claiming that “Bitcoin may be flipped” First appeared in Bitcoin wire.
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