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Bitcoin (BTC) Transfers Wealth to This Category of People, Asset Manager Says

News
Tue, 06/16/2020 - 10:49
Vladislav Sopov
The role of Bitcoin in the transfer of wealth between large groups of people is a sensitive topic for the crypto community. Here's another perspective on it
Bitcoin (BTC) Transfers Wealth to This Category of People, Asset Manager Says
Cover image via stock.adobe.com
Contents

Travis Kling is a founder and CIO of Ikigay Asset Management, a multi-strategy crypto assets fund. He has revealed which quality is necessary for those who would like to benefit from Bitcoin (BTC).

Patience is a virtue

According to Mr. Kling, he is frequently asked by his audience why the price of the flagship cryptocurrency asset isn't much higher right now. He believes that the reasons for this lag are far from the world of digital currency.

Travis Kling recommends to be patient while hodling Bitcoin (BTC)
Image via Twitter

All Bitcoin (BTC) owners should just be patient and avoid hurrying their relationship with the king coin. 

Mr. Kling pointed out only one dominant direction for Bitcoin (BTC)-related transfer of wealth. The crypto king prefers to change weak hands for 'patient' ones, as does the value stored in it.

As a result, the well-known strategy of 'stacking sats' may be the smart bet, in particular - for newbies in crypto.

Central banks will do the leg work

National central banks and their policies will be one more prominent catalyst for Bitcoin (BTC) growth. Mr. Kling highlights that they will do 'all the leg work' for Bitcoiners.

It looks like he is hinting at the policy of 'quantitative easing', which may lead to the hyperinflation of the fiat U.S. Dollar. As it plays a crucial role in the world monetary system, this deflation may turn peoples' attention towards cryptocurrencies.

This, in turn, will increase the demand and make the price surge significantly.

As covered by U.Today Crypto News, patience is common among Bitcoin (BTC) hodlers. More than 60% of Bitcoin (BTC) hasn't moved in over one year.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)