One River CEO Thinks Bitcoin Can Experience a Sharp Grow

Eric Peter, CEO of One River Digital Asset Management, believes that the recent fall of the cryptocurrency market is only temporary.

He is confident that the market has already reached the bottom and is now poised for a gradual change in trend that could bring a more aggressive bullish phase than the previous one.

He attributes this to the accelerating institutional adoption of digital assets, pointing out that when institutional investors from the US, Europe, and Canada begin to enter the market, it will quickly transition into a bullish phase.

Furthermore, he has compared the current market situation to the stock market crisis of 1929, which resulted in the Great Depression.