[K33 Research: December Could Be a Turning Point for the Crypto Market, Upside Potential Greater Than Downside Risk]
K33 Research analyst Vetle Lunde stated that December might become a turning point for the crypto market, with structural upside potential forming. Currently, Bitcoin's valuation reflects market panic rather than fundamental factors, and the likelihood of a significant market rally is far higher than an 80% chance of another major drop. Lunde believes the market is overreacting to long-term threats such as quantum computing risks and the possibility of Strategy (MSTR) selling Bitcoin, while ignoring strong recent signals like the allowance of cryptocurrencies in 401(k) retirement accounts and the Federal Reserve shifting to support cryptocurrencies.
