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Investment director: I think that problems in the classical banking system will increase the number of people trying find a solution in cryptocurrencies

Investment director: I think that problems in the classical banking system will increase the number of people trying find a solution in cryptocurrencies| FXMAG.COM
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  1. ...cryptocurrencies will gain in value by 5-15% in the near future

    Viktar Dzenisevich, Investment director, Partner Zubr Capital answers FXMAG.COM question on Silicon Valley Bank, which has already caused some drops amid financial sector.

    investment director i think that problems in the classical banking system will increase the number of people trying find a solution in cryptocurrencies grafika numer 1investment director i think that problems in the classical banking system will increase the number of people trying find a solution in cryptocurrencies grafika numer 1

    FXMAG.COM: Would SVB problems (and/or their consequences) affect crypto industry as well?

    Viktar Dzenisevich: I think that problems in the classical banking system will increase the number of people trying find a solution in cryptocurrencies. That is why cryptocurrencies will gain in value by 5-15% in the near future. We do not consider companies that have held cash in those banks that have declared bankruptcy (like USDT). However, when the panic calms down, everything will return to its original state.


    ...cryptocurrencies will gain in value by 5-15% in the near future


    Read next: UBS Take over of Credit Suisse means over 50% of deposits will be held by a single institution| FXMAG.COM


    Viktar Dzenisevich

    Viktar Dzenisevich

    London School of Business and Finance, M.Fin, Dipifr. Started as corporate auditor in 2008.  Joint Zubr Capital in 2011 as investment analyst. 12 years with Zubr Capital team. Investment Director at Palta (healthacare apps Flo, Simple) and MediaCube (one of the largest content copyright holders in the world). Co-founder of the community of business angels.

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