Business is booming.

Bitcoin’s slump could be the start of a ‘crypto winter’ that sees prices crash, UBS says. Here are three reasons why. | Currency News | Financial and Business News


UBS said there are a number of challenges that could trigger a crypto winter.

  • A growing number of factors suggest a “crypto winter” could be on its way, analysts at UBS have warned.
  • The case for bitcoin as a currency and inflation hedge is dwindling, and its tech has several flaws, they said.
  • Bitcoin has fallen sharply in recent weeks as investors brace for the Federal Reserve to raise interest rates.

Crypto markets could be set for another “winter” of price crashes and could fail to recover for years, analysts at investment bank UBS have warned, as clouds gather to take the shine off digital assets.

Interest rate hikes from the Federal Reserve in 2022 are set to dent the appeal of cryptocurrencies such as bitcoin in the eyes of many investors, the analysts, led by James Malcolm, said in a note to clients on Friday.

That’s because rising interest rates are putting paid to arguments that bitcoin is a good alternative currency or store of value, they said.

Other factors are the technology has a lot of shortcomings, and regulation could stymie the development of the industry.

Bitcoin’s price has slumped in recent weeks as markets became more convinced the Federal Reserve would raise interest rates three or more times in 2022. The leading cryptocurrency by market value was down around 1% to $42,722 Monday, far below a record high of close to $69,000 touched in November.

But the UBS analysts believe there are reasons to think things are about to get worse, leading to a “crypto winter” where assets slide and then fail to come back for a long time. 

The last crypto winter occurred at the end of 2017 and early 2018, when bitcoin tumbled from around $20,000 to stand below $4,000 more than a year later, causing many investors to lose interest in digital assets.

If central banks are moving to get a handle on inflation, then that damages the argument that investors should hold bitcoin as protection against price rises, , Malcolm and his colleagues said.

It’s also simply bad for the price, as central bank stimulus was a key factor lifting crypto tokens in 2020 and 2021.

The Fed, which held US interest rates low last year, is seen as likely to bring in at least three increases this year, as it grapples with sky-high inflation.

Read more: 2022 bitcoin price outlook: Here are the price targets set by top analysts from Goldman Sachs, JPMorgan, and other leading Wall Street banks so far this year

The analysts also said there’s also a dawning realization among crypto investors that bitcoin is not “better money”, because it’s very volatile and its limited supply makes it inflexible.

Another problem that could lead to a sharp fall in prices is the shortcomings of crypto technology.

For example, blockchain technology is hard to scale up because of its decentralized design, which requires all members of the network to be able to oversee and verify transactions, the UBS analysts said.

Regulation is a third major problem, they wrote. Rampant speculation on crypto networks “inevitably invites closer oversight to guard consumers [and] protect financial stability,” UBS said.

“High-flying stablecoins and [decentralized finance] projects seem almost sure to face bigger setbacks from authorities in the coming months.”

Source link

  1. Bxyymg says

    levaquin price cost levaquin 500mg

  2. Zyxrej says

    dutasteride buy online cheap avodart generic zofran 8mg

  3. Yfiagc says

    order spironolactone spironolactone 100mg ca diflucan 100mg cheap

  4. Smkozt says

    buy ampicillin generic purchase ampicillin online buy erythromycin 250mg pills

  5. Ecsgdc says

    fildena 100mg drug sildenafil online buy order methocarbamol 500mg generic

  6. Jkzwry says

    suhagra medication sildalis cheap cost estrace

  7. Zyeczn says

    lamictal over the counter order generic retin cream retin canada

  8. Nsbnlv says

    tadalafil 20mg for sale avanafil without prescription buy voltaren 100mg online

  9. Bcocpf says

    isotretinoin 40mg generic order isotretinoin 20mg azithromycin drug

  10. Emfzvc says

    buy indocin 50mg pill buy cefixime online cheap amoxicillin us

  11. Cfvnne says

    order tadalafil 5mg for sale canadian pharmacy reviews viagra pills

  12. Qdyzkb says

    arimidex tablet biaxin 500mg sale buy generic viagra 100mg

  13. Zdzuoc says

    acheter 20mg du tadalafil vrai viagra 25mg prix sildenafil 200mg sans ordonnance

  14. Mspkql says

    purchase deltasone generic overnight delivery cialis sildenafil online buy

  15. Wkrlxd says

    tadalafil 20mg kaufen ohne rezept sildenafil kaufen ohne rezept sildenafil für männer

  16. Rpevce says

    order isotretinoin 10mg pills stromectol 12mg drug stromectol price

  17. Nzvzlj says

    order doxycycline 200mg without prescription buy lasix 100mg generic lasix 100mg cost

  18. Xaqjom says

    ramipril 10mg brand generic azelastine purchase azelastine without prescription

  19. Iarhdq says

    buy clonidine 0.1mg tiotropium bromide online purchase spiriva pill

  20. Mlujjg says

    buspar pills order dilantin 100mg purchase oxybutynin online cheap

  21. Yllaka says

    hytrin online buy azulfidine 500 mg pill sulfasalazine pills

  22. Wzvngy says

    alendronate 35mg drug motrin 600mg us pepcid 20mg for sale

  23. Fexdwd says

    cost olmesartan purchase diamox sale purchase diamox pill

  24. Amtpna says

    order tacrolimus 1mg urso 300mg pills buy urso 300mg

  25. Dgtouw says

    buy imdur 40mg pills purchase azathioprine pill telmisartan usa

  26. Jeyvis says

    oral bupropion 150 mg buy zyrtec online cheap order quetiapine 50mg without prescription

  27. Qylexn says

    cost molnupiravir 200mg purchase cefdinir generic order prevacid generic

  28. Votlxl says

    order sertraline sale Low cost canadian viagra order sildenafil

  29. Bzeunt says

    cost imuran 100mcg salbutamol 100mcg generic buy sildenafil 100mg generic

  30. Pfosdh says

    cialis for daily use how many viagra can you take in a day buy viagra 100mg for sale

  31. Lfmcrh says

    naltrexone cost naltrexone 50 mg tablet buy abilify 30mg generic

  32. Gszjzr says

    cheap avlosulfon 100mg adalat 30mg over the counter buy aceon 4mg without prescription

  33. Dstdhx says

    buy medroxyprogesterone 10mg without prescription buy hydrochlorothiazide 25 mg pill order periactin pill

  34. Pyuwdg says

    modafinil 200mg uk order modafinil pills buy ivermectin 3 mg for humans

  35. Ogogwb says

    generic luvox 50mg fluvoxamine 50mg uk generic glipizide 5mg

  36. Ywvrhl says

    accutane 20mg pill purchase prednisone generic buy deltasone 20mg generic

  37. Nppixd says

    buy nootropil pills purchase viagra for sale order sildenafil 50mg pills

  38. Swjpuc says

    azithromycin 250mg uk neurontin sale purchase neurontin online

  39. Zfuhiw says

    furosemide order doxycycline generic plaquenil drug

  40. Kyzmeq says

    cialis 40mg pill buy generic anafranil 50mg purchase clomipramine

  41. Ytxnsf says

    buy chloroquine 250mg online buy olumiant 4mg sale baricitinib canada

  42. Zglmvz says

    purchase metformin generic atorvastatin 80mg oral tadalafil without a doctor’s prescription

  43. Uhvnaq says

    generic zyprexa order diovan 80mg sale oral diovan 80mg

  44. Cysqun says

    buy generic norvasc 10mg brand sildenafil buy cialis 20mg pills

  45. Rcllck says

    clozaril 50mg price combivent 100mcg pill decadron 0,0,5 mg usa

  46. Koxxxb says

    viagra mail order buy sildenafil 50mg buy lisinopril 2.5mg pill

  47. Uoyszr says

    order zyvox online cheap jackpot party casino caesars casino online

  48. Tqrrpq says

    prilosec online order help write my paper online blackjack for real money usa

  49. Pyyngu says

    lopressor 100mg ca oral levitra 10mg vardenafil oral

  50. Ahetne says

    college paper help pay for essay writing uk slot game

  51. Gsfott says

    order vardenafil sale medrol 8 mg without a doctor prescription buy methylprednisolone 4mg online

  52. Uxknft says

    my friend essay writing order sildenafil 50mg generic viagra sildenafil 200mg

  53. Jougxo says

    buy clomid for sale clomiphene 50mg usa can you play poker online money

  54. Czxrmx says

    cialis online buy viagra online viagra 100mg pills for sale

  55. Bupfrk says

    buy aristocort pills order aristocort 10mg generic buy generic desloratadine 5mg

  56. Csuuno says

    purchase priligy for sale priligy 30mg uk levothyroxine generic

  57. Fqqble says

    buy tadalafil 40mg online cheap sildenafil cheap canadian viagra and healthcare

  58. Vrbezn says

    xenical price buy orlistat 120mg pill buy acyclovir generic

  59. Szdpxu says

    cialis 40mg cheap inderal pills purchase clopidogrel without prescription

  60. Bdqpxv says

    cost zyloprim order crestor 20mg sale order zetia 10mg for sale

  61. Yuwzbf says

    purchase methotrexate pill buy methotrexate 5mg buy reglan 20mg sale

  62. Pszqaf says

    buy losartan 50mg pills buy esomeprazole topamax 200mg without prescription

  63. Unzwpt says

    buy baclofen 25mg order toradol pills order toradol for sale

  64. Csffjl says

    colchicine 0.5mg brand gloperba pills doubleu casino online casino

  65. Vauouk says

    zantac 150mg pills ranitidine 300mg generic purchase celecoxib generic

  66. Apybye says

    online casino with free signup bonus real money usa free spins play poker online for real money

  67. Cxrhrd says

    buy flomax 0.2mg online buy aldactone sale aldactone usa

  68. Gcuokb says

    buy cialis 20mg pills ciprofloxacin over the counter brand cipro 500mg

  69. Pbxfdq says

    zocor usa finasteride 5mg for sale order finasteride 5mg without prescription

  70. Myzjrz says

    metronidazole 200mg for sale order bactrim order bactrim

  71. Yzkiml says

    fluconazole drug oral viagra 100mg cheap viagra without prescription

  72. Kgkzie says

    cheap cephalexin 250mg cheap erythromycin 250mg buy erythromycin without prescription

  73. Wifpyg says

    tadalafil without a doctor’s prescription viagra 50mg price usa viagra sales

  74. Qdxpol says

    order generic viagra tadalafil 40mg tablet cialis oral

  75. Yxisqb says

    buy ceftin 500mg sale brand ceftin cheap methocarbamol

  76. Xzsulz says

    play poker online free no sign up online roulette game real money cialis daily

  77. Rbbwfb says

    buy desyrel for sale order sildenafil 100mg generic buy sildenafil 100mg generic

  78. Htkwgu says

    buy my essay college essay service ivermectin 6mg tablet for lice

  79. Kgbskf says

    sildenafil 100mg pills for men estradiol 1mg us buy lamictal 50mg pills

  80. Rmmidp says

    brand deltasone 20mg cheap amoxicillin for sale oral amoxicillin 500mg

  81. Vtmuya says

    viagra for men buy sildenafil 100mg online how much is cialis

  82. Stjvpf says

    free online slots poker online play cialis 40mg sale

  83. Fpssrl says

    azithromycin online order prednisolone 40mg price buy generic neurontin 600mg

  84. Txvhzr says

    casino online slots stromectol for sale online purchase provigil for sale

  85. Uncjia says

    buy lasix 40mg sale doxycycline 200mg uk order hydroxychloroquine without prescription

  86. Pxlmdr says

    buy fildena 50mg online cheap order rhinocort online cost budesonide

  87. Dxdkfu says

    buy prednisone without prescription order vermox 100mg online purchase vermox generic

  88. Zmakob says

    brand retin gel cheap tadalafil 10mg avana tablet

  89. Nemazb says

    tadacip drug order indocin 50mg sale buy indomethacin online cheap

  90. Ixsceo says

    order lamisil for sale buy suprax pills trimox sale

  91. Pjggte says

    buy naprosyn 250mg pill order omnicef for sale purchase prevacid pills

  92. Mpbkcm says

    buy clarithromycin 250mg for sale clarithromycin 500mg for sale meclizine 25mg oral

  93. Dpgnsn says

    buy proventil 100 mcg online albuterol 100 mcg pills ciprofloxacin pills

  94. Mhhkvn says

    tiotropium bromide for sale online spiriva 9 mcg ca hytrin price

  95. Mhzqvj says

    buy singulair 10mg without prescription guaranteed viagra overnight delivery usa buy sildenafil 100mg

  96. Bigraz says

    actos us buy generic pioglitazone viagra drug

  97. Qgphno says

    generic tadalafil 40mg Cialis fast delivery usa cialis 20mg cost

  98. Hkpyfr says

    tadalafil 10mg canada Buy branded cialis us blackjack online

  99. Cihllo says

    ivermectin 3mg for humans buy symmetrel 100mg without prescription dapsone online

  100. Nqacbj says

    casino online real money best online gambling casino money

  101. Ihuaap says

    casino free spins no deposit casino slots gambling pala casino online

  102. Amdveb says

    nifedipine 10mg us adalat tablet buy fexofenadine 120mg pills

  103. Aihujf says

    free blackjack free casino games help writing papers

  104. Wxsowt says

    buy ramipril 5mg generic ramipril tablet arcoxia 120mg ca

  105. Vwdkuy says

    i need help with my assignment write papers for me order azulfidine 500mg online cheap

  106. Smfbhf says

    purchase asacol generic generic azelastine 10 ml purchase irbesartan

  107. Uffzdw says

    brand olmesartan purchase benicar sale divalproex online buy

  108. Qrnyll says

    buy temovate buspar order amiodarone cost

  109. Qqvrir says

    buy acetazolamide 250mg online imdur 40mg us imuran 50mg price

  110. Zwjhnj says

    purchase lanoxin sale lanoxin 250mg uk molnupiravir 200 mg pill

  111. Samuelhig says

    Comprehensive side effect and adverse reaction information. Read information now.
    price of sildenafil
    Medscape Drugs & Diseases. All trends of medicament.

  112. Kxnqry says

    buy amoxicillin 250mg for sale order amoxil 500mg generic ivermectin 0.5 lotion

  113. Tsgkkp says

    purchase carvedilol for sale order amitriptyline online cheap cost amitriptyline

  114. AlbertPhync says

    Best and news about drug. Drugs information sheet.
    cialis ebay
    safe and effective drugs are available. Get information now.

  115. Mbxvzk says

    order dapoxetine 60mg online buy domperidone 10mg purchase motilium generic

  116. Zincor says

    fosamax sale order furadantin 100mg pill buy ibuprofen for sale

  117. AlbertPhync says

    Comprehensive side effect and adverse reaction information. Prescription Drug Information, Interactions & Side. tadalafil 20mg online canada
    п»їMedicament prescribing information. Generic Name.

  118. Utrlew says

    order indocin sale cenforce generic cenforce pills

  119. Ugjmwf says

    nortriptyline 25 mg drug order generic paxil 20mg buy paroxetine 20mg without prescription

  120. Mbmrfv says

    cost doxycycline 100mg buy doxycycline 100mg generic buy medrol 16 mg online

  121. Tozqov says

    pepcid online order remeron buy online order remeron 30mg

  122. Wktpat says

    order requip 1mg online cheap buy trandate 100mg pill order generic labetalol 100 mg

  123. Iwpxgs says

    tricor 160mg brand buy fenofibrate generic sildenafil 100mg cheap

  124. Lpiogu says

    esomeprazole 20mg capsules buy biaxin online lasix 40mg over the counter

  125. Saehxc says

    minocin 100mg brand gabapentin order terazosin 1mg tablet

  126. Wgefed says

    tadalafil 5mg brand Buy tadalafil generic cheapest ed pills online

  127. Omnaqy says

    purchase glycomet online cheap purchase calan sale buy nolvadex 10mg without prescription

  128. Yonyxp says

    buy provigil 200mg without prescription buy promethazine 25mg online cheap promethazine order online

  129. Yremzm says

    purchase serophene pill lipitor price buy prednisolone 20mg pills

  130. Tkhsbc says

    prednisone 5mg oral buy deltasone amoxicillin 1000mg canada

  131. Rbiint says

    best erection pills cheap pregabalin order proscar 5mg generic

  132. Iluqzh says

    ivermectin 3 mg for humans for sale male erection pills brand prednisone 40mg

  133. Yuhjwo says

    purchase zofran generic buy amoxil online cheap buy sulfamethoxazole

  134. Remafk says

    isotretinoin 40mg over the counter buy accutane 40mg without prescription order zithromax 500mg online cheap

  135. Rzlvle says

    ventolin 4mg drug augmentin cost generic augmentin 375mg

  136. Oijbfj says

    prednisolone 40mg brand lasix tablet order generic furosemide 40mg

  137. Oknimp says

    order provigil online cheap buy modafinil metoprolol 50mg sale

  138. Hxvzro says

    doxycycline 200mg for sale order vardenafil acyclovir over the counter

  139. Sflvyz says

    order dutasteride generic avodart 0.5mg cost order xenical 120mg sale

  140. Tvoucs says

    azathioprine 50mg cost buy azathioprine 25mg generic buy naproxen 500mg pills

  141. 바카라사이트 says

    I simply want to say I am just newbie to blogging and site-building and definitely savored this website
    바카라사이트. Very likely I’m planning to bookmark your site .

  142. Tljirv says

    buy ditropan 5mg sale purchase oxybutynin trileptal price

  143. Htjbgs says

    cefdinir 300 mg canada order protonix for sale buy protonix 20mg generic

  144. Caiqnt says

    order generic zocor 10mg sildenafil for men sildenafil 150mg

  145. Bvtqvo says

    avlosulfon 100mg generic order generic dapsone 100 mg cheap atenolol

  146. Zlueik says

    buy uroxatral 10mg sale order desyrel 50mg pills diltiazem usa

Leave A Reply

Your email address will not be published.