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Peter Schiff Mocks Max Keiser's Bitcoin (BTC) Maximalism. Blockstream CEO Responds

News
Sun, 06/28/2020 - 14:39
Vladislav Sopov
Prominent anti-Bitcoiner 'Gold Bug' Peter Schiff launched an ironic poll, asking his audience about RT host Max Keiser’s future of Bitcoin (BTC) investments.
Peter Schiff Mocks Max Keiser's Bitcoin (BTC) Maximalism. Blockstream CEO Responds
Cover image via www.facebook.com
Contents

Peter Schiff, CEO of Euro Pacific Capital and a vocal Bitcoin (BTC) critic, asked his audience about the price of Bitcoin (BTC) and what could make Max Keiser sell his riches.

Throwing in the Towel

Mr. Schiff presumed four options and left subscribers guessing as to whether Mr. Keiser would have enough patience to hold onto his Bitcoins (BTC) at $2,000, $1,000, $100, or until it reaches zero. His followers didn't disappoint him.

Peter Schiff launches a poll about Max Keiser
Image via Twitter

Almost three quarters of the respondents are sure that Mr. Keiser will ride the Bitcoin (BTC) price down to zero. 11.5% of his followers wouldn't be surprised if he sells Bitcoin (BTC) when the price enters the three-digit waters.

Only one out of six voters were merciful to let Max Keiser sell between $1,000 and $2,000. 

This poll excited the global cryptocurrency community. Misha Lederman, Director of Marketing and Communications at TronWallet, claimed that those who lose their PIN codes and forget to save during recovery phase would better not to discuss Bitcoin (BTC) and the cryptocurrencies segment.

Adam Back Has Something to Say

Adam Back, a legendary cypherpunk and CEO of Blockstream (development studio that designs Bitcoin (BTC) solutions), criticized the maximalism of the 'Gold Bugs'. He presumes that Mr. Schiff will one day add Bitcoin (BTC) to his allocations.

He also admits the fact that he has a small gold hedge holding in his portfolio. However, the adoption of Bitcoin (BTC) is still way behind gold, so such a comparison is inappropriate. Yet, it's interesting for Mr. Back to know whether Mr. Schiff adds Bitcoin (BTC) to his portfolio before its mass adoption.

Peter Schiff commented that the peak of Bitcoin's market capitalization is long gone and that the flagship crypto is in a downtrend.

I doubt that was even near the s-curve top. but if you think so - how much gold are you willing to bet on that? 
@BTSEcom
 has XAU denominated BTC futures now.

Adam Back offered the investor a bet. He asked about how much Gold (XAU) he would need to stake to confirm that Bitcoin (BTC) never reaches a new all-time high (ATH) in terms of market capitalization.

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.)