Ari Paul, the chief director of investment management of the cryptocurrency hedge funds BlockTower, believes that the current dynamics of the market, when it markedly decreased since the beginning of the year relative to the January highs is not out of the ordinary cyclic phenomena.
The analyst is sure that many people will regret that they have not invested in cryptocurrencies, and this idea will be the main one for such investors when cryptocurrencies begin their next ascent.
The op manager of BlockTower is so confident in the cyclical nature of the market that he is convinced that it is not about any events or news on the basis of which cryptocurrencies are falling or growing.
Cyclical, according to Paul, this is only a feature of the movement of the cryptocurrency market, which long — term trend is a steady growth.
There are two problems for some investors:
(1) They are relating cryptocurrencies with old virual money such as e-gold, Liberty Reserve, etc.. And they think it's the same!
(2) Some people find it very complicated to understand.
People who think this is just a bubble will know that it's only the start and the decentralized business will be the next tech boom!