Jack Yi, founder of Liquid Capital, posted on X that despite recent market adjustments, there is continued optimism for a new bull market in cryptocurrencies. Yi predicts Ethereum (ETH) could surpass $10,000 and Bitcoin (BTC) might exceed $200,000. These adjustments are part of risk management strategies, and expectations for a significant bull market remain unchanged.
Yi acknowledges the disappointment within the industry, particularly following the liquidity issues and platform manipulations highlighted by the October 11 event. However, he maintains confidence in the long-term trends of the cryptocurrency market, suggesting that the current period is an optimal time for spot purchases, considering the potential investment returns over the next three years.
He emphasizes that volatility is a defining characteristic of the cryptocurrency market, noting that historically, many bullish investors have been shaken out by such fluctuations, only to see substantial rebounds thereafter.