Nansen CEO Shares 11 Catalysts Driving Crypto Bull Run

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Cointime2023/11/11 06:27

By:Cointime

Alex Svanevik, CEO of blockchain analysis platform Nansen, stated on social media that there are more catalysts for the cryptocurrency bull market than he remembers. These include: the conviction of former FTX CEO SBF; the possible approval of a BTC spot ETF; financial technology companies such as PayPal entering the blockchain market; a rise in NFT trading volume; blockchain products becoming a reality; the launch of Web3 games; improved accessibility due to technological advancements; the use of real-world assets (RWA) and DeFi supported by liquidity staked tokens (LST); MicroStrategy's unrealized Bitcoin profits exceeding $1 billion; a shift in US Federal Reserve policy; and the Bitcoin halving, for a total of 11 events.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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