Bitcoin price crash: Will it continue? WonderFi's Ben Samaroo's outlook on DeFi, M&A in cryptos

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What goes up, must come down. Bitcoin’s meteoric rise in 2021 was overdue for a correction, said Ben Samaroo, CEO of WonderFi.

“I think when you see an overexuberance in the price action on the upside for Bitcoin, where there are certain events that happen then you’re going to see more of a correction,” Samaroo told David Lin, anchor for Kitco News.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow WonderFi on Twitter: @WonderFi (https://twitter.com/WonderFi)

0:00 – Crypto market price
7:43 – WonderFi & DeFi

#DeFi #crypto #Bitcoin
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Comments

Marie J. Galvez says:

While bitcoin’s wild <price movements might seem random, they are often driven by the same fundamental catalysts as in the traditional markets. Some claim bitcoin is impervious to shocks that affect global finance; it’s a hedge against things like inflation and a sure bet against tides of uncertainty. Moves within traditional finance can boost or burn bitcoin’s price because they determine how easy it is for financial epicenters like Wall Street to invest in bitcoin…Keeping all this in mind, it is important to trade with the right strategy when going into the crypto world. Tracy Goodman Signals has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 19.2 BTC lately.

Bianca says:

Bitcoin is a Fakeshow. Go out

AM1GO says:

Short answer, yes!

Systems Realty Team says:

We need production of real goods and services. We don't need more financializing….

LKaiSamm says:

<Thank you for your videos mate. I will advice traders esp newbies to have orientation of trading before they get involved in it because the cyrpto market has been unstable, Forget predictions and start making a good profit now because future valuations are all speculations and guesses. when news gets bearish start buying. "Keep it simple" That correction was the best thing that happened me. but all thanks to Tony Behan who taught me how to make trade and increased my Crypto from 6 to 21BTC now. No one really knows what is going to happen in the market and I know you are only saying what you think will happen based on the past. It is yours and my opinion so people should make their own Investment choices based on their own research. ……

Michael Christian says:

The <poor man has to stop listening to billionaires telling them to buy bitcoin when there is no money in bitcoin for the working man. Buy a coin like shiba and many will get rich.

Maybe says:

Shiba inu Pay new listing skyroking next time ?

LibertyOverTyranny says:

the statement “investing in Bitcoin” does not make sense. Speculating, yes. Investing? Lol no

billy bob says:

Ehh I'll give this video a pass. 🤖

Eliot Benson says:

Despite the economic downturn, I’m so happy ☺️. I have been earning $22,000 returns from my $10,000 investment every 13 days.

Convisis says:

Being a Wizards fan, I’d say he’s better equipped to handle disappointment and underperformance than most.

Spectral lim says:

Gold and silver used to be the stabilizer for usd, then they used crude to maintain the demand for usd. Now with all the overspending and money printing, they using crypto to maintain the demand.

Bianca says:

It's ageraet stupid investment David. Please Stopp the Bitcoinhyperhyper and shut up this bullshit.

Chuck Fischerkeller says:

Gold and silver used to back the Dollar. Now the Dollar backs Bitcoin. 🤔

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