Okcoin CEO Names Three Catalysts for Next Crypto and Bitcoin (BTC) Bull Run


The CEO of San Francisco-based crypto exchange Okcoin identifies three catalysts that could start the next crypto market. 

 In a new interview with Kitco News, Okcoin CEO Hong Fang said that the growing need for reliable money systems due to the failure of current centralized money systems could ignite the next crypto bull market. 

 Fang says he sees a country with an economy much larger than El Salvador  adopting digital goods in some way. 

 "I think from a macro perspective we still see challenges... I think the World Bank just came out saying  a dozen countries could default on their sovereign debt next year, which is a failure of the centralized monetary system. 

 I would suspect that the fundamental need for a healthier money can be found in the background like El Salvador, for example, but perhaps on a larger scale.According to Fang, the Bitcoin (BTC) split in 2024 and the growing project development of blockchains can also contribute to the increase of the prices of digital assets. 

 "Bitcoin has its own [dividend] cycle. I don't know if it's a coincidence that previous crypto cycles have somewhat coincided with Bitcoin's [dividend] cycle, but that could be another catalyst... 

 I think a third possible catalyst is  Every time we have a bull market with Bitcoin,  DeFi (Decentralized Finance) and NFT (Non-Fungible Tokens) it was because many builders built projects during the last bear market 

 So I believe that all  the projects that are  built now than customers have a little more substance that  they tend to serve [this] will trigger another bull market.

 Bitcoin is changing hands at $16,618 at the time of writing, a 1.5% wrinkle in the last 24

Source : dailyhodl.com

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