CryptoStrategies: it is wise to
The recent global economic recession has resulted in crypto market depression across the globe. A recent survey by Fundstrat Global Advisors has revealed bullish sentiments among institutional investors in regards to the prospects of cryptocurrency performance during an economic recession. As reported by MarketWatch, more than 70 percent of institutional investors believe that prices of cryptocurrencies will increase during a recession.
In places like Venezuela and Iran, people have increasingly turned to Bitcoin and other digital coins to stave off the effects of economic upheavals. The price of Bitcoin has even hit premium levels in Venezuela in the past. Thus, institutional investors has envisioned such occurrences on a global scale.
The sluggish crypto market, however, has failed in hindering the further development of CryptoStrategies. As a professional crypto asset management platform, CryptoStrategies is keenly aware that the current sluggish crypto market has brought about good opportunities for the development of crypto asset secondary market, especially for the application and innovation in quantitative trading strategies.
CryptoStrategies attended NBC China 2018 held in Chengdu in the afternoon of October 13th. CryptoStrategies shared insights about the future development of blockchain service industry with blockchain moguls, discussed mining trends with partners of top mining pools and shared insights on new development in trading with leading trading platforms.
Kenny Li, co-founder of the platform, delivered a speech in the meeting. According to Mr. Li, “Due to high volatility in the crypto asset market, it is far from being enough to have only one team to manage crypto assets and quantitative investment. Only by relying on collective intelligence can we do better in this regard. CSI’s ecosystem can incubate strategy teams to better develop strategies and realize the appreciation of crypto assets.”
Ran Yi, the other co-founder of the platform, attended a meet-up on the theme of blockchain crypto asset management held by Suanlizhiku in Shanghai on the same day. He made an in-depth analysis of the characteristics of crypto asset investment and trading and quantitative strategies in the meeting. He said,”There are many crypto asset exchanges and numerous types of assets. The crypto market operates on a 24-7 basis and is highly volatile. All these factors are actually opportunities.”
So what’s behind these opportunities?
According to Ran, investors and people who need crypto asset management are at the heart of crypto asset management. Investors who have tokens, mining pool owners , project managers and exchanges have the largest amount of crypto assets and they usually do not know what to invest in. The current bear market and projects’ inability to make profits lead to the fact that prices of many tokens have depreciated to levels lower than their initial offering prices. The only reliable way is to invest in the current secondary market. Therefore, there is a great demand for crypto asset management.
CryptoStrategies has led other counterparts in paving the way for crypto asset management and made the most of its advantage in collective intelligence. Many experts gather on the platform to make innovations in trading strategies and CryptoStrategies proivides analysis for their different types of strategies. The platform scientifically selects strategists and experts, and provides solutions for investors with different investment needs. Through communication with distinguished guests, investors and industry leaders in the meeting, CryptoStrategies believes that the secondary market enjoys the largest number of opportunities in the area of crypto assets. The more difficult it is to manage tokens in the market, the more professional institutions are needed to give investment advice.
