Mr. Todaro has been involved in cryptocurrency investing since 2013. He believes that the next bullish cycle could be good for Ethereum (ETH) market capitalization.
One trillion USD is in the cards?
Mr. Todaro reminded his Twitter followers of the narrative during the ICO euphoria in 2017. In this period, the community was expecting the Ethereum (ETH) market capitalization to reach $100B. In the next rally, the targets could be orders of magnitude higher, according to the analyst.
According to the analyst, one trillion USD could the next Ethereum (ETH) milestone. And it is the decentralized financial instruments market that may bring Ethereum there.
So, we can expect a four-digit Ethereum (ETH) price very soon, according to this prediction.
At the same time, this growth factor for Ethereum (ETH) has been bashed by numerous analysts and investors.
Legendary self-taught trader Josh Olszewicz mocked the parallels between the periods of hype around ICOs and DeFis. He asked Mr. Todaro about the possible fraudulent essence of DeFi and its realization:
So is defi also riddled with scams and naïve 'investors'?
The father of Digital Silver slammed the DeFi sector after another attack on its service. He believes that DeFi reflects 'the worst of both worlds' and doesn't go beyond 'decentralization theatre'.