There are already more than 1,000 cryptocurrencies. But the experts of the investment bank GP Bullhound are convinced that most of them will soon no longer exist.
Within the next twelve months, there could be a sharp slump in the crypto market. Anyway, this is the opinion of GP Bullhound experts, according to US broadcaster CNBC, citing a technology investment bank report.
Market correction on the crypto market
According to Sebastian Markowsky, the lead author of the report, more and more institutional investors are likely to push into the crypto market, driving prices higher. However, this is likely to increasingly lead retail investors to go to excessive rates. However, this development will then worsen the correction, which will come later this year. It could even use a veritable panic, according to Markowsky. For example, the cyber-currency market could collapse by as much as 90 percent.