According to Visser, he’s specifically keeping a close watch on the price action of Bitcoin and Ethereum, saying that his bullish stance on the two largest crypto assets by market cap will be validated if they shatter key levels.
“The world is absolutely more unstable than it was on February 27th. There is no question about that. We have less certainty. We’re going to have energy hoarding around the globe. We need to figure out ways to solve the problem and not be dependent on the rest of the world.
I just think Bitcoin right now, you have to watch it. And if we start to trade higher, I’ll give everyone a level, if we trade above $76,000 and at the same time we see Ethereum above $2,400, I believe that is the beginning of a move that will be sustainable this year, because I don’t think we’re going to have a recession.
I think inflation is going to stay elevated. And I think people are going to need to find something that is making money in a world where the S&P is not moving anywhere.”
Posted by Secure_Persimmon8369