The chief investment officer of Ikigai Asset Management is highlighting one key event that’s necessary to potentially spark a rally in cryptocurrencies.
In an interview with the Bankless podcast, Ikigai co-founder Travis Kling says that beyond the US Federal Reserve’s policies which risk sending the economy into recession, it’s the ongoing conflict between Russia and Ukraine that ultimately needs to be resolved in order for the macroeconomic picture to stabilize.
“If you can get some kind of credible treaty there, that’s going to have this setup of commodity prices down – they’ve already come a lot off the high – but commodity prices down, tightening expectations down, inflation expectations down, equities up, crypto up.”
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Kling believes that leading smart contract platform Ethereum (ETH) would benefit