LBank Co-Founder Johnason Chan expects the crypto industry to reach new milestones this year.
In the fallout of the demise of crypto exchange FTX, the implosion of cryptocurrency LUNA, and several other fiascos, countries around the world are rolling out more regulatory policies to oversee the industry. Exchanges, asset managers and investment funds will likely face tight scrutiny in the months ahead.
Meanwhile, markets are still facing a global adjustment of liquidity due to central banks executing massive interest rate hikes in an attempt to cool off inflation. The crypto market is feeling bearish, and as soon as more bad news piles on, sell-offs are likely to trigger.
Nonetheless, Johnason Chan, Co-Founder of global crypto exchange LBank, points out that there are several opportunities in the crypto market for retail investors to focus on. Because while the bear market rages on, the technological progress under the hood of crypto never takes any breaks, Chan points out.