Former Head of Messari: Don’t think we need to wait 3 more years to reach new all-time highs

Qiao Wang, former head of Messari and a trader in equities and cryptocurrencies, tweeted yesterday, “Basically, half of the crypto traders I know think the macro cycle is over. I’d be willing to bet against it. Three main reasons: 1. money continues to be printed; 2. institutions take a long time to prepare their stuff; 3. no regulation has fundamentally killed the long term bull market theory. If anything changes, I will revisit my cyclical view. As it stands, I don’t think we’ll wait another 3 years to reach new highs.”