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The DeFi Chronicle: Can This Altcoin Continue Outperforming Bitcoin during the Bear Market?
Crypto bear markets are swift and painful. Altcoins can go on short runs but tend to lose value against BTC during the crypto winter. However, here’s one coin that has outshined the king crypto during this downturn.
JPMorgan CEO, Jamie Dimon, says a “hurricane” is about to hit financial markets. Meanwhile, Bank of America CEO Bryan Moynihan is more optimistic, stating, “You’ve got hurricanes that come every year.” Goldman Sachs and acclaimed investor Michael Burry are on Team Jamie, foreboding more pain in the markets. On the other side, Warren Buffett is spending a significant portion of Berkshire Hathaway’s cash hoard, and corporate insiders are buying more shares than they are selling, indicating that the worst may be over.
The financial media in the traditional markets thrive with this mixed messaging, and it feels like you are watching Fox News and MSNBC at the same time. Crypto reporting is even more scatterbrained, like a text chain among teenagers, where we see topics and predictions shifting hour by hour depending on what the markets are doing. Historically, Bitcoin tends to outperform nearly all other cryptos…
