Nicholas Merten, crypto investorData message short lineYouTube channel column, adding CoinTelegramEncrypted trading secretThe interview between the podcast and the host Benjamin Pirus discussed many topics, including his views on the current situation of the encryption industry. When asked about his views on the price of Bitcoin (BTC) as of January 9 (interview time), he pointed out: "I think at this stage, we are facing a period only known as the integration period.".

In November and most of December, Bitcoin was traded sideways. However, in January, assets rose from below $17000 to above $23000. Looking back at the price data chart of Bitcoin, on January 9, the asset was close to the gradual rise and was in the low to middle range of $17000.

Merten stressed that he likes to start from the overall situation. He explained: "I think cryptocurrency will once again experience this stage of large-scale re-combination. I think it will be good for the whole room in the long run, but I think you underestimate how long this period will really last."

"FTX and Celsius, Three Arrows Capital The destruction caused by enterprises and the overall defeat of LUNA will leave an inevitable scar on this field. I think we should not only understand how this kind of infectious disease spreads again, but also grasp how it spreads in the microenterprise space of cryptocurrency. Once again, we really gradually see that with inflation and global industrial chain problems, Cryptocurrency will not become the main asset type for a period of time. "

In all 2022, the encryption and blockchain fields faced difficult times, and many industry participants went bankrupt in succession. Three Arrows Capital and Celsius, the loan company, both failed in 2022. Data asset swap leader FTX, new encryption project Terra (including its LUNA and TerraUSD (UST) assets) and other assets are still falling this year, causing a chain reaction in the encryption industry.

"I say that as a person who entered cryptocurrency in 2016 and 2017, he really controlled the wave of individual stocks and cryptocurrency in the past decade," Merten continued. "I think we need to understand the end of the long-term bull market. At that time, the situation was good, the quantitative easing policy was just issued, a large amount of funds were introduced into economic development, and asset assessment was applicable. I think that when the tragedy of this stage ended, we should fully prepare for the severe winter, and finally we can gradually find some signs to stop the decline."

Merton also responded to a series of questions in an interview with the media. Query the series and other series of CoinTelegramEncrypted trading secretPodcasts, Apple Podcasts, Spotify, Google Podcasts and TuneIn on the CoinTelegram Podcasts page.