BELET CEO: LOOK AT THE MARKET FOR THE NEXT 12 MONTHS. THE ENCRYPTED MARKET HAS BECOME MORE STABLE WITH LEVERAGE

On 16 July, according to Bitcoin.com, Chief Executive Officer Larry Fink of Beled, in an interview with the CNBC, stated that he was “very optimistic” about the market for the next 12 months, believing that the technological revolution would drive more companies towards better profitability. Fink noted that the current level of leverage in the financial system was much lower than during the 2008-2009 financial crisis and that overall risk exposure was limited, but warned of local risks. With regard to bitcoin, Fink indicated that there had been over-leveraging participants in the previous encryption cycle, and after multiple rounds of liquidation, the market for bitcoin and encryption had become more stable. Belet has added $1 trillion to its assets over the past 12 months, without additional staff, as a result of a 260 basis point increase in the profitability of technology applications。