Coin Edition -
- Crypto analysts predict a surge in investments due to economic downturns.
- Analysts say now is a good time to buy as prices may be near bottom.
- Memecoins seen as easy-to-understand & culturally relevant despite lacking utility.
Crypto analysts Raoul Pal and Arthur Hayes predict the crypto market is nearing a “Banana Zone”, a period where fallout from macro events triggers an influx of liquidity into alternative investments like cryptocurrencies.
During a Coin Bureau discussion, Pal explained that the crypto market surges when established institutions, such as central banks, adjust their positions and governments use various methods to influence public opinion.