During a panel discussion at Consensus Hong Kong, CEO of Blockstream Adam Mow expressed his concerns about the current state of the cryptocurrency market. He stated that it appears as though there is a deliberate effort to suppress prices.

Mow’s comments come at a time when the cryptocurrency market has been experiencing a prolonged bear market, with prices of major coins such as Bitcoin and Ethereum dropping significantly. Many investors and experts have been trying to understand the reasons behind this downward trend, with some attributing it to market manipulation.

Mow’s theory of price suppression suggests that there may be external forces at play, intentionally keeping prices low. This could be done to discourage investors and create a negative sentiment towards cryptocurrencies. However, Mow did not provide any concrete evidence to support his claims.

The CEO of Blockstream also pointed out that the current market conditions are not reflective of the progress and advancements being made in the industry. He highlighted the development of new technologies and the increasing adoption of blockchain by major companies as indicators of a thriving market.

Despite the concerns raised by Mow, many experts believe that the current market correction is a natural part of the cryptocurrency cycle. They argue that the market was overvalued during the peak of the bull run in late 2017 and early 2018, and the current correction is necessary for long-term stability and growth.

While the debate over the reasons behind the market downturn continues, it is important for investors to remain cautious and do their own research before making any investment decisions. As the cryptocurrency market continues to evolve, it is crucial to stay informed and make informed decisions to navigate through the volatility.