Crypto Evaluation by Bybit Turkey General Manager Göğüş
Bybit Turkey General Manager Alphan Göğüş made important evaluations about the crypto market.
Cryptocurrency leader Bitcoin fell below $18 thousand at the weekend. This decline, which worried investors, was described as a buying opportunity for some. Bitcoin, which started the new week with a limited rise, is moving at the level of 20 thousand dollars.
Bybit Turkey General Manager Alphan Göğüş used the following statements in his market assessment:
“The crypto market acts like a repeating cycle. When we look at the past, there have always been cyclical uptrends and downtrends in the markets.
Adjustments in prices are one of the important factors that ensure the growth and development of new economies. Bybit is optimistic about the future of Bitcoin and what it will bring.
Investors should be careful about the stock market they use and do research beforehand. The depreciation and decline of Celsius, one of the crypto lending platforms, has put investors in a lot of trouble.
In fact, exchanges with significant market depth and competitive liquidity take advantage of market price fluctuations.
Regulators who want to mitigate risks and protect investors should be applauded, because rational crypto regulation will benefit those who want to invest in cryptocurrencies.
Regulating crypto demonstrates acknowledgment of the fact that crypto assets are now an important part of the lives of billions of people and that the industry has evolved significantly.
As a leading exchange in the sector, we actively cooperate with the rule makers in the countries we serve and ensure full compliance.”