Markus Thielen has announced that risk assets may soon be facing a make-or-break moment. Among the main factors for the development of a negative scenario, the head of 10x Research named high inflation, rising yields on US Treasury bonds and the interest rate of the US Federal Reserve System (FRS).
“Much of the current rally is driven by expectations of lower interest rates, but this scenario is now being questioned. We may be approaching a decisive inflection point for risk assets.”
On April 15, 10x Research sold out of all shares of technology companies. There are only a few cryptocurrencies left on the balance sheet, said Markus Thielen. 10x Research considers a negative forecast for the entire cryptocurrency market to be the most likely.
Previously, the founder of 10x Research said that within six months after the halving, miners of the first cryptocurrency may begin to sell off their Bitcoin reserves, and the total sales amount will be $5 billion.
Source: Bits
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