Matt Hogan, chief investment officer of asset manager Bitwaiz, says the current recession of the crypto market marks the end of the coin boom.
While bitcoin (BTC) fell to a three -month low, a needle below $ 90,000, bitwaiz Cio Believe that Flagship will rebound digital asset. However, he is not as fast on meme coins.
According to Hogan, the meme coin mania seen with the choice of official trump and official melania at the beginning of this year is close to its end. They suggest that it may occur within the next six months.
“Crypto is the end of what is digested right now. The combination of Melania, Libra, and Lazarus Group will kill it using memecoin to launch the stolen ath. Probably not today, but within 6 months, ”he posted on X.
The Crypto Bazaar wiped out over $ 1.5 billion, which was wiped into a 24-hour liquidation, with a meme coin between the most difficult hits.
Dogcoin (Dogin), Pepe (Pepe), and Trump (Trump) have dropped more than 14% each. Melania was below 25%.
Hugan, who has predicted the first bitcoin, can break its four -year cycle between regulatory and strategic reserve development, suggests that the negative spirit around the meme coins is drawing the market down. However, he remains optimistic about bitcoin, stabechoin and Tokanization. He also believes that decentralized finance may experience a revival.
Attacking a fast tone in his tweet, Hogan said:
“The good news is that there are already things designed to change it, including bitcoins, stabechines, torrentialization and a rebirth in DEFI. But until they begin to feel their presence, the loss of energy will pull a one on the market. ,
Despite this, the bitwaiz executive admits that the market spirit as a contribution is a large extent negative as a contribution, citing meme coin scams recently.
However, he lives fast on altcoins.
In early February this year, Hogan mentioned in a customer report that Crypto rapidly presents an opportunity among estimates for institutional adoption and notable retail effects. He suggested that altcoins may benefit from this environment, especially as the top cryptocurrency sees a wave of spot exchange-traded fund filing.
