NH Investment & Securities Echoes Optimism Amidst Market Concerns

NH Investment & Securities Echoes Optimism Amidst Market Concerns

## NH Investment & Securities Sees Bright Outlook Amidst Market Uncertainties Despite ongoing challenges in the digital asset market, NH Investment & Securities remains optimistic. According to a recent analysis report by Hong Seong-wook, a researcher at the firm, the market is poised for a rebound. The report highlights several factors contributing to this positive outlook. Firstly, the resolution of the long-standing "Mt. Gox issue" in October could alleviate investor concerns and stimulate investment in Bitcoin. Secondly, the potential election of Donald Trump in the upcoming US presidential election could lead to regulatory easing, further boosting market sentiment. The report also acknowledges the pressure on supply and demand in the market. However, it suggests that upcoming events such as FTX's investment refund, which is expected to release $13.2 billion in cash, could provide a much-needed boost to market liquidity. If a significant portion of these funds is invested in digital assets, it would create a positive impact on the supply-demand dynamics. Overall, NH Investment & Securities believes that the market is well-positioned for growth. The firm's optimism is driven by a combination of expected regulatory changes, positive market events, and the potential resolution of long-standing market concerns.