Exploring Factors Affecting the Downward Trend in International Crypto Exchanges
In a recent compelling interview on the Businesspartner show, Avtandil Kuchava, the founder of "Crypto Market," provides invaluable insights into the driving forces behind the current downward trend in the international crypto exchange market. As the price of Bitcoin plummeted from $30,000 to $26,300 within just one month, Kuchava's astute observations offer a glimpse into the market's future prospects and shed clarity on its underlying dynamics.
According to Avtandil Kuchava, May-June is anticipated to be the most bearish period, prompting preparations for strategic investment. Kuchava's expectation suggests a potential decline in Bitcoin's price during this timeframe. His remarks underline the importance of timing one's investments based on market trends.The Fair Price and Buying Opportunities: Kuchava notes that the current price of Bitcoin is considerably lower than its fair value, making it an opportune time for investors to consider purchasing. He emphasizes the significance of analyzing real price charts to determine the fair price threshold. By waiting for Bitcoin to cross this threshold and rise above it, one can identify an optimal selling point. Conversely, when the price approaches the lower limit, it presents a favorable opportunity for buying.
Regulatory Impact on International Exchanges: Kuchava highlights the influence of regulatory decisions on international crypto exchanges. He mentions that recent regulations by the European Union have rendered it increasingly challenging for crypto projects to operate within its jurisdiction. Consequently, he expresses a desire to explore potential investor opportunities in EU countries. Government interventions in response to the growing dominance of the crypto industry have played a role in shaping the market landscape.
Competition between Crypto and Banking Industries: Over the past two years, the crypto industry has gained significant traction and emerged as a formidable competitor to the traditional banking sector. Kuchava suggests that governments, recognizing the power wielded by cryptocurrencies, have initiated interventions. This competition between the two industries has led to regulatory measures aimed at maintaining control over financial systems.
The Expanding Market in Georgia: Kuchava sheds light on the crypto market in Georgia, noting its growth from just two companies a few years ago to eleven at present. He highlights the country's potential as a favorable location for establishing crypto businesses, with the ability to hire employees and offer services to global markets. This observation underscores the growing significance of Georgia in the crypto industry.