Zhu Su: From a structural point of view, April is bullish, and the Bitcoin halving is coming
According to ChainCatcher news, Zhu Su, co-founder of Three Arrows Capital, said on social media, “I really don’t understand the reason for being bearish here. April is structurally extremely bullish, the Bitcoin halving is coming, and the Ethereum ETF is about to be launched. Ordinary people are waking up from a long slumber, there are no NFTs at Art Basel this year, and we are still in the early stages.”
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Goldman Sachs Delta One Trading Head Privorotsky is more inclined to compare the recent sharp decline to the 1998 LTCM crisis, which was a liquidity shock. At that time, the fundamentals of US economic growth remained sound, and once liquidity was restored and the Fed cut rates, the market quickly recovered its losses. However, the current market does not have the support of Fed rate cuts. Privorotsky also pointed out that the real issue for AI now is whether revenues can ultimately match the capital invested, a question that remains unanswered.
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