Current the cryptocurrency market will weed out 95% of investorsformer Binance CEO Changpeng Zhao warned. Now Marion Laboure, PhD, a macro strategist at Deutsche Bank and a lecturer at Harvard University, warns: many cryptocurrencies are going to crash.
However, she emphasized the difference between Bitcoin (BTC) and Ethereum (ETH), which are considered stable digital assets whose blockchains are actively used in fintech and tokenization of real-world assets (RWA), and all other cryptocurrencies.
Labour warned investors to take into account the current volatility of the market, which may be further affected by recent economic factors, such as trade wars between the US and other countries. Earlier, she said that the news of the introduction of the US crypto reserve could cause instability, as there was a lack of information about how much cryptocurrency the US government would buy and how this purchase would be financed. In fact, this is exactly what happened: the strategic stock of bitcoins and other digital assets will consist of confiscated tokens. That is, the state will not inject funds.
Laboure is a renowned economist and macro strategist at Deutsche Bank, specializing in payments, digital currencies, and financial technology. She also teaches at Harvard University and has been recognized by Business Insider as one of the leading experts on cryptocurrencies, and has extensive experience working for institutions such as the IMF and the European Commission.
Source: CNBC