Jamal Hassim by Jamal Hassim - Dailymotion

Jamal Hassim

Website: https://medium.com/@jamal-6208<br /><br />Founder and CEO of BoltOS; the leading innovator and provider of immersive media technology to industry.

Transcript

00:00Joining us from London is Mr. Jamal Hashim, founder and CEO of

00:10BOLTI Global. He talks to us about these

00:15declines that cryptocurrencies have witnessed. Mr. Jamal, welcome. First, I mean.

00:24These selling pressures that we witnessed in a previous session, to what extent do they

00:27actually indicate that we have entered. The stage of the price bubble bursting for many

00:32stocks and cryptocurrencies. Question mark.

00:48I think that as soon as there is a.

00:50Major up or down movement in a single stablecoin or.

01:00Any other benchmark cryptocurrency, the markets.

01:07Follow this down and up, and I think that what happened with Luna and what happened.

01:11To us a few days ago could of course be the problem as.

01:21We know, and this indicates that UST is moving away from its link to the.

01:28US dollar, and I think that this has had a significant impact on the markets and market

01:33psychology and has led to panic. And I think that the concern among the public and traders.

01:42Is that this will affect crypto assets in.

01:48Investment portfolios, and thus this has spread to Sipcoin.

01:52Regarding the link to the US dollar, it will be.

02:09All over the place, especially with regard to Sipcoins.

02:13Over the.

02:14Past few days, yes, but Mr. Jamal, I mean today.

02:18Bitcoin is back above the.

02:20$30,000 level.

02:22To what extent does the currency still have the ability to recover.

02:26Part of the losses?

02:48Before we see a full recovery in the coming weeks, in general, I believe there will be.

03:08A recovery, we are currently witnessing a correction, and there is still.

03:12Cryptocurrency, some consider it an important asset, especially with regard to the large

03:20decline, and.

03:22There are those who see an advantage in buying it.

03:24Therefore, if we witness or carry out.

03:29Buying operations, I believe that after that there will be a correction.

03:33However, I believe that the trend.

03:36Will be towards these currencies in the coming weeks, and I believe that we will witness this.

03:42Correction, it will be corrected in the coming week or weeks.

03:46Yes, but.

03:49In your opinion, the statements we are hearing today from Jerome Powell that economies.

03:57Are entering a kind of recession due to raising interest rates.

04:00To what extent might this mean pressure on further demand for these currencies?

04:05Mr.

04:05I think this is an excellent question.

04:20Without a doubt, inflationary pressures around.

04:23The world will have an impact on the cryptocurrency market in general.

04:27But of course I have a different opinion.

04:32This means that yes, interest rates have risen.

04:36But they will not be commensurate with the existing inflation rates.

04:40If we see.

04:44Inflation rates all over the world reaching a significant increase.

04:47Interest rates will not be commensurate.

04:53I believe, especially in the cryptocurrency market.

04:57That we will continue to see.

05:00Value in an effort to gain growth from the value of.

05:06Cryptocurrencies.

05:07It seems that cryptocurrency transactions are considered a hedge against this.

05:11Because who will compensate for the 7, 8.

05:18Or 9% inflation?

05:20I believe that there will not be any sector that will.

05:26Generate returns or profits commensurate with the high inflation rates.

05:29I believe that money will return.

05:31To cryptocurrencies.

05:33And as I said before, there will be many.

05:35Investors and traders who see that there is an opportunity in the currency market.

05:52SACS may also have adopted Bitcoin to guarantee one of its loans.

05:58Mr. Jamal.

05:59First, to what extent do you think this will boost demand for these types.

06:03Of loans by investors or even companies?

06:06And could we see.

06:09Other currencies joining.

06:33All金.

06:34All right.

06:36Listen.

06:40I believe.

06:52I've seen questions.

06:52I'll see.

06:52I've seen before.

06:53I don't understand.

06:54I don't understand.

06:56I don't understand.

06:57I don't understand.

06:57I just agree with the end.

06:58I not think you bewildered.

06:59But I don't understand.

07:01these cryptocurrencies, therefore, I believe this will restore confidence and

07:17stability to this sector, which will restore standards that we can resort to and that

07:25the sector can resort to. Once we achieve stability, there will be huge

07:30and unlimited opportunities to use these cryptocurrencies in commercial papers and

07:36use them as regular or official currency. Therefore, I believe that there should be two

07:44important things, a regulatory or supervisory framework. And I believe that the use of

07:50cryptocurrencies in general has now become speculative. And therefore, we must reach

07:57the use of these cryptocurrencies in a traditional way and for daily life. I believe this is

08:06important for the development of the entire sector, and I believe this is the market.

08:12Thank you, Jamal Hasim, founder and CEO of Pulti Globe. You were with us. Thank you very much.

08:23We will pause for a break.

08:27Dear viewers, and the behind the numbers segment will discuss the extent to which investors and

08:32funds are heading towards selling operations in May after the break.

Jamal Hassim CNBC Interview | English Translation - 14/05/2022

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Jamal Hassim

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