China has Attempting to stifle the growth of the crypto industry In the past 12 years, apart from a slight flash in the pan, the total ban on crypto commerce has not changed the long-term growth of cryptocurrencies. This shows that even if it is the second largest economy in the world, no country can prevent the emergence and growth of cryptocurrencies.

Deutsche Bank analyst Marion Laboure stated in an update to the bank’s website that Bitcoin (Bitcoin) It may be “extremely volatile for the foreseeable future” because most people buy it for investment or speculation rather than using it as a medium of exchange.

However, Laboure believes that Bitcoin may become the “digital gold of the 21st century” and Trends may continue for centuries Not subject to significant government control.

Daily view of encrypted market data. source: Coin 360

At Morningstar’s annual investment conference, Dennis Lynch, Head of Asset Management at Counterpoint, compared Bitcoin to South Park Cartoon Character KennyLynch said: “I like to say that Bitcoin is a bit like Kenny in South Park-he died every episode and then came back.”

As the impact of China’s FUD diminishes, let’s examine the chart of the top 5 cryptocurrencies that may remain strong in the short term.