Bloomberg News is back at FUD-ing ship when it comes to crypto. They are now reporting about a Juniper Research which warns that metrics around cryptocurrencies paint a bleak picture for its future and predicts an imminent implosion.
“Based on activity during the first half of Q3, Juniper estimates a further 47 percent quarter-on-quarter drop in transaction values in that quarter,” the researcher said in an accompanying white paper.
“In short, given our concerns around both the innate valuation of Bitcoin, and of the operating practices of many exchanges, we feel that the industry is on the brink of an implosion,” Juniper said.
Although this research is not an optimistic one from the viewpoint of crypto investors, it is still just part of a regular attack habit of mainstream economists and institutions influenced or led by them. Basically, nothing new here, moving on.
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