The digital currency market has been exposed to rather unfavorable conditions for nearly a full year now, after starting in mid-November 2021. Around this time, Bitcoin, as well as most altcoins, have reached their new ATHs and that concluded the bullish part of the cycle that cryptocurrencies are following, leading directly to a price drop that has been pushing the prices down ever since.<\/p>\n
The price crash has also been increased due to unfavorable macroeconomic conditions, and the US Federal Reserve has so far been unable to prevent inflation in any significant way. While the situation does not seem favorable, there are some that believe that the situation will turn for the better, and relatively soon, at that.<\/p>\n
Of course, most skeptics would argue that this is just wishful thinking by optimists, but such arguments lose weight when positive expectations come from someone as influential and respected as the Global Head at the financial services leader JP Morgan.<\/p>\n
According to Marko Kolanovic, the Global Head at JP Morgan \u2014 there is reason to hope for the near future of the crypto industry. Kolanovic revealed his views on the matter, noting that he and JP Morgan, in general, believe that the bottom for the so-called risk assets is very near, and that the same is true for the stock market. With this being the case, he is very bullish on the market in its current state.<\/p>\n
\nJP MORGAN IS CALLING A BOTTOM IN THE STOCK MARKET HERE<\/p>\n
THOUGHTS ?<\/p>\n
— GURGAVIN (@gurgavin) September 19, 2022<\/a><\/p><\/blockquote>\n