Crypto Space Could Experience Shift After Recent Crashes

• The unprecedented fall of Terra (LUNA) and the algorithmic stablecoin UST sent shock waves across the entire crypto market
• The crash has raised calls for regulation and investor protection

The last few weeks have been turbulent for investors in the crypto space as market movements have created unprecedented margins. Investors had to limit losses, not to mention that they were involved in fixes and could not predict how the cryptocurrencies they were tracking might develop when trading. The sharp downturn has opened up discussions among industry experts about the benefits and market performance.

Bitcoin could hit a low of $12,000 during this current cycle

In a Interview with Stanberry Research, Gareth Soloway, the president of InTheMoneyStocks.com , the widespread opinion that Bitcoin thrives in times of high inflation. Setting a high extreme of $20,000 and a low extreme of $12,000, Soloway also predicted that the Bitcoin markets could reach those numbers – considering history.

He further noted that the Bitcoin conference hosted by El Salvador’s President Nayib Bukele on Monday could not have come at a worse time.

Do Kwon could be summoned to South Korea

Elsewhere, Terraform Labs CEO Do Kwon may be asked to appear before the South Korean authorities after the catastrophic collapse of the Terra facilities. The authorities are trying to understand the cause of the crash in order to formulate guidelines that would protect investors in the future, such as a local News site reported in detail.

Demands for strict regulation of the field of digital assets

The crash of Terra’s native token LUNA this month was catastrophic. Its effects were also felt in other ecosystems. Its price drop intensified the fear and tension among investors and traders alike: other altcoins like Avalanche also suffered a downturn.

Since then, investor behavior has been affected and there are concerns that the resulting domino effect could spiral out of control. Soloway claims that this requires the introduction of regulations to improve other things such as security from cyber attacks.

“I hope that good can come from this, which means that you need governments to intervene and develop some regulations to prevent such things from happening again. I think that could be positive in the long run. “