World chess champion Garry Kasparov said: Is the market falling? "so what!"

In an interview with Garry Kasparov, the Russian chess master and president of the Human Rights Foundation, he did not seem bothered at all by the current cryptocurrency market. “So what,” Kasparov, also a long-time Bitcoin supporter, told Cointelegraph during the 2022 consensus “so what” regarding his thoughts on a bear market. Kasparov added that he believes 99% of all currencies are “bullshit,” but explained that both Bitcoin and Ethereum have already been integrated into traditional financial markets due to recent price fluctuations.

"They will lose a lot, but they will also gain more, which shows that they have already been integrated into the financial system. This is what the entire history of the stock market is about. It's about people making a lot of money and then losing a lot of money," Kasparov said.

“But right now, without even acknowledging it, financial markets have already integrated bitcoin, ether and other related currencies into the system.” NFT market will rebound Kasparov also remains confident that the market for non-fungible tokens, or NFTs, will bounce back as the world becomes more digital. While the NFT market has certainly slowed from its peak, a recent industry report from DaapRadar showed NFT sales volumes at $3.7 billion in May.

Although volumes are down 20% from April, Kasparov believes the NFT market will rebound as the world continues to rely on digital transactions. Kasparov also shared his thoughts on why he launched the NFT collection last December with the 1Kind NFT marketplace. According to Kasparov, he wanted to understand how the process worked as well as display his life digitally.

He said: "I think the collection is very unique. This is perhaps the first attempt to showcase my entire life from the early days of my childhood, to the transformation of my career from a professional chess player to a political and human rights activist." According to Kasparov, the score sheet from the match he played and won against Soviet chess master, Anatoly Karpov, was sold for 51 ETH.

“The big item in my collection was my result of November 9, 1985 when I became world chess champion.”