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Peter Schiff Falls Victim to Crypto Twitter Troll

News
Thu, 05/21/2020 - 17:13
Alex Dovbnya
Crypto Twitter excels its trolling game by making Peter Schiff debate about Bitcoin and gold with a bogus J. K. Rowling account (he didn’t seem to care)
Peter Schiff Falls Victim to Crypto Twitter Troll
Cover image via U.Today
Contents

After the viral Bitcoin tweet posted by J. K. Rowling, it seems like the whole crypto was suddenly under the Confundus spell, which was used in the Harry Potter universe to bewilder your target.

Peter Schiff, the CEO of Euro Pacific Capital, also fell victim to the charm as he apparently tried to argue with a fake Rowling account about the intrinsic value of Bitcoin.     

Rowling takes over Bitcoin Twitter

The gold bug trotted out the tired argument about gold being used to make jewelry (as opposed to Bitcoin, which is just a piece of computer code).

Little did he know that he replied to a Twitter account that belongs to pseudonymous crypto trader and analyst BitLord who impersonated Rowling to troll Schiff. 

The gold proponent chose to have another tiff with members of the cryptocurrency community instead of checking whether he was replying to the legitimate account.

Coinbase CEO Brian Armstrong also had his facepalm moment after trying to convince another bogus Rowling to open an account with his exchange.
 

Bitcoiners get back at Schiff

The fact that crypto proponents gloated over Schiff’s failure shouldn’t come as a surprise.

Schiff is known as one of the biggest detractors of Bitcoin who calls it a ‘fraud’ and routinely predicts its inevitable demise. 

Back in January, Schiff was ridiculed for losing access to his crypto wallet (and exposing his lack of fundamental knowledge about Bitcoin).   

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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.)