DeFiance Capital CEO Predicts Bullish Trend Amid Bear Market

According to Odaily, Arthur Cheong, the founder and CEO of DeFiance Capital, recently expressed his views on X regarding the current state of the cryptocurrency market. Cheong highlighted the unprecedented nature of the current situation, where significant investments are being made during a bear market month for cryptocurrency conferences. He also mentioned the possibility of the Federal Reserve cutting interest rates by 50 basis points. Cheong questioned the skepticism of some market participants, suggesting that the substantial investments and potential rate cuts are strong indicators of a bullish trend. He confidently predicted that these factors would drive prices to higher levels, despite the prevailing bear market conditions.