Investment director: I think that problems in the classical banking system will increase the number of people trying find a solution in cryptocurrencies
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Viktar Dzenisevich, Investment director, Partner Zubr Capital answers FXMAG.COM question on Silicon Valley Bank, which has already caused some drops amid financial sector.
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.
