Celsius (CEL) Network CEO Alex Mashinsky shared his comments on the market and shared his expectation for Bitcoin. Here are the details…
Mashinsky: Don’t fight the Fed
Alex Mashinsky said that the US Federal Reserve’s (FED) aggressive monetary policy tightening will put too much pressure on the economy. He stated that this situation will push the USA into recession next year. One of the best strategies to enter this environment is not to fight the Fed. Mashinsky, in his statement, said that in this case it means exiting the US stock market and used the following expressions:
Normally, I say don’t fight the Fed. Fighting the Fed right now is owning stocks. I sold all my shares. If you don’t want to fight the Fed, get out of the way. We will experience a recession next year… The Fed is putting too much pressure on the economy by raising rates and pulling liquidity from the market. And we closed Russia, the ninth largest economy in the world. That’s a lot of recession pressure on our economy.
Bitcoin ready for $200,000
After closely reflecting the performance of tech stocks, Mashinsky believes Bitcoin is looking to diverge from them and its target of $100,000 for this year. ready to start moving towards level. According to Mashinsky, the stock market has crashed since the beginning of the year, but Bitcoin has recovered most of its losses. We’re seeing divergence, which means Bitcoin is finally starting to act as a security asset. “So I sell my shares and buy more BTC,” he adds. Mashinsky thinks that Bitcoin and Ethereum performed well before and during the recession, as there is “nowhere to hide” in traditional finance.
More money will flow into CeFi (centralized finance) and DeFi (decentralized finance) because it will escape traditional finance. There is nowhere to put money. All assets are inflated – real estate, bonds, stocks. Even if you want to buy commodities, most commodities are at all-time highs. So where will you park your money? The best way to do this is to move to an industry that has nothing to do with the dollar. As we have also reported as
Kriptokoin.com, platforms that include cryptocurrencies such as Binance and Coinbase can be given as examples to CeFi. Among DeFi platforms and coins, Aave (AAVE), Balancer (BAL), Uniswap (UNI), 1inch (1INCH), Compound (COMP) can be given as examples.
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