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Best wishes for a prosperous and healthy 2022!
The predictions continue! To recap, this year’s EKMH Innovators’ predictions cover a gamut of sectors, topics and trends, including blockchain, DeFi, TradFi, cryptocurrency, NFTs, medtech, social media, GameFi, metaverse and data. Many thanks to the inspiring trailblazers who shared their insight and whose innovations and leadership will continue to guide us into a brighter 2022!
Among the first fully licensed investment funds in Europe investing exclusively in bitcoin and other crypto-asset, Cyprus-based ARK36 has experience in the bitcoin and cryptocurrency markets delivering risk-adjusted exposure to this new and exciting asset class with a focus on portfolio management, risk management, security, proper regulation, and compliance.
Mikkel Mørch, Executive Director at crypto/digital assets hedge fund ARK36, believes we could see another Bitcoin bull run late in 2022:
Although sharp, the most recent pullback in the digital asset market was by no means unexpected. Previously, we warned that uncertainty in the markets and weak technical fundamentals made a drop to low $40K levels entirely possible.
In addition, we have recently seen a steep rise in open interest to levels that in the past were conducive to setting off a cascade of liquidations should the price drop below a key support level. This is precisely what happened this time around as well. After the release of the Fed’s December meeting minutes, hinting at a more decisive move to scale back its expansionary monetary policy to tackle inflation, negative investor sentiment caused Bitcoin to lose the key $46K level. Once that support was breached, liquidations followed within minutes.
For a few weeks now, we’ve been clearly in a downtrend and there are no signs of a decisive reversal in sight. However, striking similarities between the current price action and the market moves between mid-May and August do give reasons for cautious optimism in the medium term. A bounce to around $47K in the next few days could corroborate that thesis while further losses would largely invalidate it. In any case, only a clear break above $50K would signal a major reversal in the trend and investors should keep in mind the inherently volatile nature of the digital asset market.
Curious about past predictions? Click here top read more about expert insights on 2017 marketplace lending, 2018 crypto, 2018 blockchain, 2018 fintech, 2019, 2020 and 2021 predictions.
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