Christopher Waller, a member of the Fed’s Board of Governors, said that the enthusiasm around cryptocurrencies, which increased after Donald Trump’s victory, is noticeably waning. According to him, it was traditional financial companies that actively increased their share in digital assets and pushed the market up, but the delayed adoption of the law on the structure of the crypto market added uncertainty and forced many to reconsider the risks.
The official noted that the subsequent sell-off was due to an adjustment of positions by major players, rather than fundamental failures. He called the current volatility natural for the industry and stressed that crypto trading is suitable only for those who are prepared for possible losses: profitability and drawdowns are inevitable here.
