Jan van ECK: 2023 a year will not be the year of bulls, but it will not be the year of bears – Bits Media

Van ECK Associates Director General during Closing Bell: Overtime on the CNBC television channel, that uncertainty in the banking system is temporary, but 2023 a year can be the beginning of a bull cycle for bitcoin and gold for the next few years.

But in general the year, Yang Van Ecc (Jan van Eck), "Pass in the sidewall". According to the businessman, Liquidity problems are now short -term:

"I think, that history is usually more complicated, What does it seem at first glance. IN 2023 year“water level in the bathroom” will be even. By December, the trend will last. It will be the year of the side movement ".

Although at the beginning of 2023 we observed an increase in cryptocurrency prices against the background of monetary policy by the authorities, Wang ECK, - This is not an indicator of the bull market. According to the general director Van ECK Associates, A jerk of technological shares, what happened in January, is a consequence of the injection of additional liquidity by China and other Asian countries.

US Fed, which banks receive, not a constant phenomenon. This is just an attempt to survive current problems, Balancing the financial sector, So that neither bulls prevail, Nor bears.

Van ECK emphasizes: amid volatility and financial failures, It is worth believe in bitcoin. Many factors contribute to this faith, In particular, the smaller volatility of BTC compared to other coins.

About how cryptocurrency reacted with moderate growth to the decision of the US Fed, Bits.media told in a recent market review.