Bitcoin could be headed for an impressive 40% rally by the end of the year, according to leading blockchain expert Bob Ras. Since the beginning of the year, Bitcoin has been the top performing asset by a massive margin and is currently up more than 73%. This potential surge comes as unprecedented monetary policies have been implemented and more and more institutions have been accumulating bitcoin during lows.
Bob Ras is a cofounder of blockchain firm Sologenic. According to his analysis, the main drivers behind the success of Bitcoin have been related to low rates, its decentralization and censorship resistance, making it a hedge against failure of big banks. However, he warns against a possible credit crisis that could rapidly plummet the value of bitcoin and all other assets.
UBS analysts recently picked 40 undervalued stocks that could thrive in the current economic downturn, and Apple’s high-yield savings account attracted $1 billion in four days. Additionally, Nobel-winning economist Paul Krugman advocates for ignoring the notion of dollar dominance.
About The Company
Sologenic is a blockchain-based company which specializes in the security and decentralization of digital assets by utilizing the Solana blockchain protocol and the XRP Ledger. They offer a platform with a variety of services, such as asset tokenization, social trading, asset borrowing, margin trading and more. Their aim of offering decentralized financial products is to help expand the accessibility of tokenized assets to a wider customer base. With the backing of a strong team, their platform is well-positioned in the global market.
About the Person
Bob Ras is the cofounder of Sologenic, a blockchain-based company that specializes in the decentralization and security of digital assets. Bob has years of experience within the blockchain sector and uses his technical knowledge to provide guidance when building out the platform and products. His keen insight has enabled Sologenic to stay ahead of the competition, while helping the company to navigate the ever-changing markets. As the company expands and brings more innovative services to the platform, Bob ensures that the company remains ahead of the market and provides the best user experience for customers.
