Hello!
I know some people will be triggered about this post, but I just watched Alex Mashinsky's interview.
https://www.youtube.com/watch?v=toc6xtDz1Bk
He was asked towards the end of the interview of his view on the price of bitcoin core. He gave an answer that many bitcoin core holders do not want to hear. Everybody is now waiting for 400 000-500 000 usd bitcoin core price but he sees it will not rise above 40 000 usd next year even though he hopes higher prices. The reason he said is that there are a lot of speculators holding the coins since 2015-2016 and just waiting an opportunity to exit from the core.
Also, institutions are not going to push the price into insane levels, they are going to sell on the retail investors... They are satisfied with lower returns than retails because they will play it safer.
What kind of implications this has to bch if his prophesy will become reality?
Personally, I see it very bullish for bch as it gives room for growth to us. It is highly likely that bitcoin core will not be the king in crypto assets towards the end of this bull market. It is in my cards that bch actually becomes bigger than btc. However, it is not time to go all in because this is just my speculation and I am just a dude on internet. Also, now the priority should be putting bids on bch/btc trading pair a little bit under the current price in case there will be weak hands shake outs coming.
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from Bitcoin - The Internet of Money https://ift.tt/34Jls4z
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