Bear market? “So what,” says World Chess Champion Garry Kasparov
Cointelegraph
Published Jul 01, 2022 01:00PM ET
Updated Jul 01, 2022 02:40PM ET
Garry Kasparov, the Russian chess grandmaster and chair of the Human Rights Foundation, doesn’t appear at all bothered by the current crypto bear market. Kasparov, who is also a long-time Bitcoin supporter, told Cointelegraph during Consensus 2022 “so what” in regards to his thoughts on the bear market. Kasparov added that he thinks 99% of all coins are “crap,” yet he expressed that both Bitcoin (BTC) and Ethereum (ETH) are already integrated into traditional financial markets due to recent price fluctuations. He said:
h3 NFT market will rebound/h3Kasparov also remains confident that the market for nonfungible tokens, or NFTs, will make a comeback as the world becomes more digital. While the market for NFTs has certainly slowed from its peak, a recent industry report from DaapRadar showed NFT sale volumes at $3.7 billion in May. Although volumes were down 20% from April, Kasparov believes that the NFT market will rebound as the world continues to rely on digital transactions.
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Written By: Cointelegraph
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