REFERENCE NEWS NETWORK REPORTED ON NOVEMBER 29TH THAT ACCORDING TO THE RUSSIAN NEWSPAPER "IZVESTIA" WEBSITE ON NOVEMBER 22ND, ECONOMIST MIKHAIL BELYAEV PREDICTED THAT MANY CRYPTOCURRENCY TRADING PLATFORMS WILL GO BANKRUPT IN THE NEAR FUTURE.IN A SPEECH TO LIANTA NETWORK ON NOVEMBER 22, THIS EXPERT SAID THAT IN THE CONTEXT OF THE GLOBAL CRISIS, CRYPTOCURRENCY INVESTORS HAVE LOST CONFIDENCE IN THE RELIABILITY AND PROSPECTS OF SUCH CURRENCIES, AND THEY ARE NOW SEEKING TO INVEST IN MORE RELIABLE ASSETS.HE SAID, "THE COMMONALITY OF ALL CRYPTOCURRENCY TRANSACTIONS IS THAT, FROM AN ECONOMIC PERSPECTIVE, THEY ARE TRADED IN ABSOLUTE SHELLS, AND THEIR VALUE IS ONLY SUPPORTED BY PEOPLE'S BELIEFS... HOWEVER, ONCE AGAIN, ECONOMIC LAWS MAKE IT ALL COLLAPSE SOONER OR LATERBELIYAEV EMPHASIZED THAT INVESTORS HAD ALWAYS BELIEVED IN THE RELIABILITY OF CRYPTOCURRENCIES BEFORE THE WORLD ENTERED A PERIOD OF ECONOMIC TURBULENCE.HE EXPLAINED, "IN TIMES OF ECONOMIC TURBULENCE, COUNTRIES WILL BUY GOLD. PEOPLE WILL BUY REAL ESTATE OR OTHER ASSETS THAT CAN PRESERVE THEIR VALUE. WHAT IS HAPPENING NOW IS THIS SITUATION: CRYPTOCURRENCIES ARE STARTING TO EXPERIENCE CAPITAL OUTFLOWS, DEMAND IS DECREASING, AND EVERYTHING IS COLLAPSINGTHEREFORE, BELIYAEV POINTED OUT THAT IT CAN BE EXPECTED THAT MANY TRADING PLATFORMS WILL CEASE TO EXIST AS THE SCOPE OF CRYPTOCURRENCY BUSINESS WILL CONTINUE TO SHRINK.HOWEVER, HE ALSO EMPHASIZED THAT AS A PHENOMENON, CRYPTOCURRENCY WILL NOT DISAPPEAR BECAUSE THERE WILL ALWAYS BE PEOPLE WHO NEED AND FEEL THE CONVENIENCE OF THIS BUSINESS.EARLIER THAT DAY, ALEXANDER TRESHEV, FOUNDER AND LAWYER OF THE RUSSIAN CRYPTOCURRENCY AND BLOCKCHAIN ASSOCIATION, TOLD THE MEDIA THAT US REGULATORS WOULD NOT SAVE THE CRYPTOCURRENCY INDUSTRY, SO THE MARKET IS WAITING FOR A RESHUFFLE, WITH A LARGE NUMBER OF CRIMINAL CASES AND IMPRISONMENT.BLOOMBERG REPORTED THAT AFTER THE COLLAPSE OF THE FTX CRYPTOCURRENCY TRADING PLATFORM, GENESIS CRYPTOCURRENCY EXCHANGE IS FACING LIQUIDITY ISSUES AND MAY SOON DECLARE BANKRUPTCY.