Bitcoin (BTC) and Ether (ETH) are the safe long games of 2022, according to well-known investor and commentator Zhu Su.
In a tweet dated February 10, Zhu, co-founder of hedge fund Three Arrows Capital (3AC), stated that BTC and ETH have been the best investment options this year, along with oil, while the S&P 500 is not. .
Zhou: Macro 2022 works ‘obviously enough’
Despite concerns that deflationary pressures could send bitcoin and altcoins lower along with stocks, not everyone believes 2022 will be a red year for stockholders.
The picture is complicated – some see stocks and cryptocurrencies as “melting” as a result of the positive correlation. Others believe a painful period is approaching across the board, but at least Bitcoin will be stronger after that.
Meanwhile, former BitMEX CEO Arthur Hayes has been very gloomy about the overall outlook since the beginning of the year.
Zhu now has “very obvious” places to get paid for the next three quarters.
In an additional tweet, it was agreed that adding Visa and Mastercard as payment processors for paper money is a “no-brainer” for the shorts.
“crazy 24 hours”
The predictions come on the heels of rumors that BlackRock, the world’s largest asset manager, is seeking to enter the cryptocurrency market.
Related: Price Analysis 2/9: BTC, ETH, BNB, XRP, ADA, SOL, LUNA, AVAX, DOT, DOGE
BlackRock customers will soon be able to trade cryptocurrencies, while the giant will also provide credit in exchange for crypto security, according to several people familiar with the case, according to major media outlets.
One source described BlackRock’s approach as “trying to deal with live crypto.”
The Canadian arm of accounting group Big Four KPMG announced that they have added both Bitcoin and Ether to their balance sheet this week.
Altogether, according to famous trader and analyst Bentoshi, adoption led to “24 crazy hours.”
However, as Cointelegraph reported, a short-term Bitcoin rally is far from profitable for the bulls.
