How does the write-off of Celsius was by Quebec Caisse affect the value of cryptocurrencies?

3 answers

• Nov 23, 2021 · 3 years ago
  The write-off of Celsius by Quebec Caisse can potentially have a negative impact on the value of cryptocurrencies. When a major institutional investor like Quebec Caisse writes off an investment, it can create a sense of uncertainty and doubt in the market. This can lead to a decrease in investor confidence and a subsequent decrease in demand for cryptocurrencies. As a result, the value of cryptocurrencies may experience a decline.
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• Nov 23, 2021 · 3 years ago
  The write-off of Celsius by Quebec Caisse could potentially affect the value of cryptocurrencies. When a prominent financial institution like Quebec Caisse takes such action, it sends a signal to the market that there may be underlying issues with Celsius. This can lead to a loss of trust and credibility in the project, which could negatively impact the perception of cryptocurrencies as a whole. As a result, investors may become more cautious and the value of cryptocurrencies may be influenced.
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• Nov 23, 2021 · 3 years ago
  The write-off of Celsius by Quebec Caisse may have implications for the value of cryptocurrencies. While it is important to note that the write-off of one investment does not necessarily reflect the entire cryptocurrency market, it can still have a psychological impact on investors. The news of the write-off may create a sense of uncertainty and skepticism, causing some investors to sell their holdings and potentially leading to a temporary decrease in the value of cryptocurrencies. However, it is also possible that the market will quickly recover from this event and resume its upward trajectory.
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