Alliance co-founders reiterate that the cryptocurrency market could face a correction of over 50%.
TechFlame
2025-11-21 02:08
TechFlame2025-11-21 02:08
English
TechFlame reports that @QwQiao, co-founder of Alliance, recently reiterated his cautious stance on the cryptocurrency market, stating that he "pretty much" agrees with his earlier predictions. He previously warned that the next bear market could be more severe than most anticipate, primarily due to a significant influx of "dumb money" from investors with limited understanding of cryptocurrencies purchasing digital asset trading platforms (DATs) and ETF products.
He believes this situation "never ends well" and predicts that the market may need to undergo a correction of around 50%. Only after these investors exit their positions can the market establish a solid foundation and resume its super-cycle growth. Although he did not provide a specific timeline, this reiteration demonstrates his continued conviction in this forecast.