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Cryptocurrency Has A Better Base To Go Forward Says Mohamed A. El-Erian
El-Erian has explained the recent Bitcoin price increase, citing a popular opinion of the crypto winter being over now.
Muskaan T.
8:19 23rd Jul, 2022
Markets

Head of MicroStrategy Michael Saylor has shared a recent interview of the renowned economist Mohamed A. El-Erian to CNBC during a recent Squawk Box show episode about Bitcoin and crypto overall.

Answering a question from a Squawk Box co-host Andrew Sorkin, the prominent economist and financial expert Mohamed A. El-Erian said that he believes the recent increase of Bitcoin to the $23,400 zone and then to the $24,000 level has happened because the crypto winter may be over.

According to him, a large number of investors believe that this recent period that many have called a “crypto winter” is now behind, damage after it has been absorbed and “we have a better base to go forward”.

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