'Crypto rebound will be more powerful than stocks'

Bitcoin prices fell below $20,000 for the first time in 18 months in June. Short-term outlook remains cloudy on the crypto and stock markets here and abroad. Peter Chung, head of research at Korbit, shared an optimistic view on the possible rebound of the crypto market. He said the industry will reach a major inflection point when investors expect global monetary authorities to slow down the pace of their monetary tightening. Chung studied finance at the University of Pennsylvania, and worked for more than a decade at global investment banks in Hong Kong such as Goldman Sachs, Credit Suisse and Nomura before joining Korbit in September 2018 and has led the firm's research center since November 2021. Korbit is the nation's first crypto exchange operator to have established Source