Cryptocurrency Market Maturing, Predicts DeFiance Capital CEO

According to BlockBeats, Arthur Cheong, the founder and CEO of DeFiance Capital, expressed on his social media platform on June 21 that the cryptocurrency market could be maturing. He suggested that we might not see the dramatic fluctuations of 70-80% drops every two years, but rather complex long-term growth similar to the S&P 500 index after the 2008 global financial crisis. Apart from the crash caused by the COVID-19 pandemic in 2020, the U.S. stock market has either remained steady or gradually increased. Each bear market prediction has proven to be incorrect, but returns are increasingly concentrated in large-cap and mega-cap stocks, while value stocks and small-cap stocks have long been out of favor. If a similar situation occurs, most altcoins would be uninvestable, but certain altcoins could yield astonishing returns. Cheong hopes that we could see results similar to Nvidia every few years, while most altcoins might disappoint.