Bitcoin (BTC) may have further to fall, but CoinShares chief strategy officer Meltem Demirors believes the top cryptocurrency will reach new all-time highs within the next 24 months. Speaking on CNBC’s Squawk Box on Monday, Demirors noted that Bitcoin has always been a “cyclical asset” with drawdowns from peak to trough at 80 to 90% historically. With Bitcoin currently sitting at about 65% down from its all-time highs in November 2021, Demirors believes “there is still room for some downward correction.” However, Demirors noted there has been strong support around $20,000 and that she did not expect Bitcoin to fall …

The ongoing cryptocurrency market decline is the right time for the community to strengthen infrastructure fundamentals, according to the chief strategy officer at the European digital asset manager CoinShares. CoinShares is one of the largest digital asset investment firms in Europe, with net assets exceeding $260 million by the end of 2021. According to CoinShares’ latest fund flows weekly report, digital asset investment products saw outflows totaling $423 million last week, the largest since records began by a wide margin. The report noted that the outflows were likely responsible for Bitcoin’s (BTC) decline to $17,760 on June 18, marking the …

“I like to call myself a future, or aspiring, cult leader,” Meltem Demirors, chief strategy officer of CoinShares — a publicly listed investment firm managing around $5 billion in assets — told Cointelegraph. Demirors, who first entered the Bitcoin (BTC) space in late 2012, further mentioned that it has been “fun to see how big the crypto sector has become,” noting that people from all walks of life are now interested in the cryptocurrency space. As such, Demirors explained that “crypto cults” are bringing people together in a positive manner, especially since it gives people a sense of purpose and …

The downward trend in Bitcoin’s (BTC) price following its April all-time high might be worrying for first-time investors. Still, CoinShares chief strategy officer Meltem Demirors believes that most of the long-time holders are not selling, and this is a correction to weed out panic sellers. Speaking to CNBC, Demirors underscored that Bitcoin is here to stay, and after 200 days of crypto market expansion, it’s normal to have a price drop. “You can’t have a number go up forever,” she added, stating: “What we’re seeing is a correction, a contraction, and a lot of what is getting shaken out is …

The $2.6 trillion market cap peak compelled regulators worldwide to take a serious look at cryptocurrencies, but they also don’t want to stifle a growing industry, CoinShares chief strategy officer Meltem Demirors said. Stating that “uncertainty is the name of the game for the industry,” Meltem Demirors noted that it took over the macro environment for the last few weeks. “Gary Gensler, the chair of the SEC, has indicated he wants to get more serious about regulating crypto exchanges,” she added, “Across the world, we are seeing regulators starting to take note.” Cryptocurrencies started this year with under $1 trillion …

The Cointelegraph YouTube channel had some of its wilder moments in 2020: from getting hit with the YouTube ban hammer to witnessing firsthand the antics of crypto’s most eccentric personalities. Here are some of our favorite blooper moments from this year — we hope you enjoy them more than we did! Bitcoin Halving Party livestream YouTube strike 2020 has been a year of firsts for many: the first year of the new decade, an unprecedented global pandemic, and Cointelegraph’s first ever YouTube strike. And, honestly, we’re still quite puzzled by it. The strike came in the final minutes of a …

Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec. Meltem Demirors, CSO at digital asset management firm CoinShares, says that she will not be surprised if PayPal issues its own token after the company broke the news of its soon-to-come support for crypto.. In an Oct. 21 interview with CNBC’s Fast Money, Demirors claimed that PayPal’s supporting crypto could eventually become a basis for launching its own, stating: “I wouldn’t be surprised if, in the next six to 12 months, we see PayPal launching …

It seems Meltem Demirors does a little bit of everything. The crypto journeywoman has served as vice president of Digital Currency Group, a member of the World Economic Forum’s Blockchain Council, an advisor to MIT Media Lab, and a lecturer at the University of Oxford’s business school. She even co-hosts a well-subscribed podcast with her friend and fellow crypto hound Jill Carlson, though that project is on hiatus. These days Demirors mostly wears the hat of Chief Strategy Officer at CoinShares, a digital asset management firm that provides financial products and services for professional investors. But she’s also an investor …

Bitcoin (BTC) may not benefit from an influx of institutional traders, a senior executive at one of the industry’s best-known businesses has warned. Wall Street and unexchanged Bitcoin Speaking in an interview on financial news network RealVision on Oct. 18, Meltem Demirors, chief strategy officer at asset manager CoinShares, said Wall Street involvement in Bitcoin was not a straightforward win-win for adoption. Many commentators expect increased attention from big finance to transform Bitcoin’s image globally. The debut of products such as Bakkt’s regulated Bitcoin futures in September shows a desire to cater to institutional demand. Grayscale, the world’s largest crypto-focused …