11.05.2022 – Statement

Bitcoin Capital new products

FiCAS Statement on Current Market Developments – May 2022

Zug, Switzerland — The last few days have been extremely turbulent for the crypto markets, but also for the traditional markets. Especially the altcoins show double-digit percentage losses. The reasons for the loss are manifold.

The markets were basically in a difficult situation in the past period. The corona crisis in China, the war in Ukraine and the inflationary developments in the USA all made their contribution. This weekend, the third largest stablecoin, Terra USD (UST), now also lost its peg to the U.S. dollar, sending the price of LUNA into a tailspin. Attempts to restore the exchange rate peg led to additional selling pressure on Bitcoin and Ethereum, while the market was already in a downtrend before the weekend. Currently, a number of political, economic, and resulting uncertainties among investors are also likely to be the main cause of the general sell-off in global financial markets, which in turn is depressing prices.

In our opinion, we had similar price developments in 2018, which subsequently recovered, which is why we expect a similar development now. Currently, Bitcoin seems to be able to maintain a relatively stable position amid all the turmoil in the financial markets. We expect the markets to perform better in the coming months and see the current market situation as a potential opportunity for the crypto industry.

For Media Enquiries

Darko Novakovic
E: darko.novakovic@ficas.com
T: +41 41 710 04 54


This communication does not qualify as investment advice nor constitutes an offer of securities for sale. No liability shall be accepted for the accuracy and completeness of the information contained in this communication. Past performance, returns generated through FiCAS AG’s and its founder’s management strategy, and correct price predictions by FiCAS AG’ founder are not necessarily indicative of future results.

The information contained herein is not for release, publication, or distribution, in whole or in part, directly or indirectly, in or into Australia, Canada, Japan, Hong Kong, New Zealand, Singapore, South Africa, United Kingdom, United States, or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful.

Any securities pursuant to this communication have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

The investment products described in this communication are intended for retail, professional and institutional investors in Switzerland, Liechtenstein, and in the European Union (excl. Hungary, Cyprus, and Iceland).

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