Bitcoin and altcoins continue to gain attention as markets become more volatile. According to Haouk Lee, Founder and CIO of Trinity Digital Assets, there are four catalysts that could trigger a crypto bull run. Here are Lee’s comments and prospects for the market…
Lee has been investing in Bitcoin and ETH since 2017
Lee prior to his foray into crypto, real estate in emerging markets made the investment. He started investing in Bitcoin (BTC) and Ethereum (ETH) since 2017. Lee mentioned that they “outperform all other financial assets” and focus primarily on cryptocurrencies because of their network effects. “We use a four-pronged strategy to play in this market,” Lee said, adding:
[We] ‘hold’ the BTC and ETH we have accumulated, we maintain an active liquid open trading book, we play the DeFi yield market… and finally, we provide free advice to many family offices and organizations on how to…
Four factors can benefit the market
When asked if he was worried about sales in risky assets like crypto, Lee replied, “This is uncharted territory…we’re considering going into some kind of recession. But even in the crypto space, you can be on the [safe] side of stablecoins alongside your long-term assets. And in these volatile markets, I think one of the things you can do is try to get a return on your stablecoins.” On the other hand, he pointed out that being a constant buyer of Bitcoin and ETH is also a strategy. Lee also sees four catalysts that could benefit the cryptocurrency market.
Talking primarily about the merger process in Ethereum, Lee’s second catalyst involves companies entering the crypto markets. Then, Lee’s third catalyst is the Spot Bitcoin ETF, which the US Securities and Exchange Commission (SEC) has yet to approve. Lee also sees a potential change in BTC’s liquidity as an ultimate catalyst. At the time of writing, Bitcoin is trading at $39,602, up 2% after the FED announced that it is going to raise interest rates. The value of the total cryptocurrency market increased by 3% from $1.8 trillion to $1.9 trillion.
