Ledger CEO predicts significant growth in the crypto market

Ledger CEO predicts significant growth in the crypto market
фото показано с : invezz.com

2022-3-24 12:46

The cryptocurrency market continues to register major gains, and it is currently at the highest levels seen since early March. Bitcoin (BTC/USD) and Ethereum (ETH/USD) are now trading at above $43K and $3000, respectively. The global market cap has also increased.

The CEO and Chairman of Ledger, Pascal Gauthier, appeared in an interview with CNBC, where he stated that the geopolitical situation between Russia and Ukraine and the rising levels of inflation are triggering the crypto market growth.

Growth of the crypto market

Gauthier noted that despite the recession across the crypto space during the first quarter of 2022, Ledger had recorded the same trend in wallet sales as Q4. In Q4, the cryptocurrency market reached an all-time high with a total market cap of above $3 trillion.

The executive noted that there is currently an influx in the number of people coming into the market. Because of this, the demand for crypto wallets has also grown significantly.

The geopolitical situation between Russia and Ukraine has also created concern over the use of cryptocurrencies to avoid sanctions. The crypto trading volumes from both Russia and Ukraine have grown significantly.

In the case of Ukraine, crypto volumes have increased due to donations, where the country has received more than $50 billion worth of cryptocurrency donations. The growing concern over a depreciating hryvnia has also triggered increased crypto trading volumes.

Crypto is a good exchange of value for the future

Gauthier concluded that crypto was “probably a good exchange of value for the future.” He noted that countries that have faced political tensions have always recorded high trading volumes. With the current situation in Europe, the use of crypto is only expected to grow further as people turn towards stable assets.

The level of global inflation has risen significantly. This has also boosted the demand for cryptocurrencies. In the US, the level of inflation has reached a 40-year high, and the US Federal Reserve is yet to hike the interest rates to tame this. If fiat continues to depreciate, crypto could gain use as a store of value.

The post Ledger CEO predicts significant growth in the crypto market appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market usd bitcoin btc march seen early

market usd → Результатов: 126


Price Analysis: The Bulls Are Taking the Tron Market to the Next Level as TRX Targets $0.03

Distribution Territories: $0. 023, $0. 025, $0. 027 Accumulation Territories: $0. 021, $0. 019, $0. 017 TRX/USD Medium-term Trend: Bullish The cryptocurrency remains bullish on the 4-Hour chart. The coin has been making higher highs on the medium-term outlook since December 17 when the coin broke out from the consolidation which lasted for more than six trading days.

2018-12-24 18:15


MONERO (XMR) Long-Term Price Forecast- December 23

XMR/USD Long-term Trend: Ranging Supply zone: $100.00, $110.00, $120.00 Demand zone: $30.00, $20.00, $10.00 XMR long-term outlook is a range-bound market. The bullish doji that started last week trading session was a signal to the bulls gradual returned but confirmation came on 17th December after the formation of a bullish engulfing candle which closed above […]

2018-12-23 03:29


USDC Ecosystem Spotlight: IDCM crypto exchange, along with Alpha Wallet, ChangeNow, Loopring, Salt Platform, and XinFin the latest companies to support USDC

IDCM crypto exchange and five other projects announced support for USD Coin (USDC) in recent days, bringing to more than 75 the number of exchanges, protocols, platforms, applications, and wallets that have played a leading role in making USDC the second largest asset-backed stablecoin by market capitalization. IDCM, one of

2018-12-21 00:49


Фото:

Bloomberg Finds That Tether Could Be Backed by Sufficient USD Collaterals

Bloomberg reported December 18 that Tether, the largest stablecoin by market cap, is most likely backed by equivalent USD deposits. Tether’s Bank Statements Suggest USD Sufficiency According to the report, Bloomberg reviewed the bank statements of four separate months which depicted that the amount of USDT coins in circulation was in accordance with Tether LTD’s […] Bloomberg Finds That Tether Could Be Backed by Sufficient USD Collaterals was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-12-19 15:59


‘Basis,’ Andreessen Horowitz-backed Stablecoin project, Will be Shutting Down

Stablecoins have increased in popularity over the past few months, and one of the many reasons for this surge has been the volatility of the crypto market. This summer, some of the largest crypto exchanges provided listings of the most popular stablecoins on their platform, with the Gemini Dollar, Paxos, and True USD among some […] The post ‘Basis,’ Andreessen Horowitz-backed Stablecoin project, Will be Shutting Down appeared first on Coinjournal.

2018-12-17 14:34