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Professor Daniel Lacalle: Cryptocurrency Becomes Real Alternative Currency

News
Sun, 06/21/2020 - 15:14
Vladislav Sopov
Well-known Spanish economist Professor Daniel Lacalle announced that cryptocurrencies, particularly Bitcoin and Ethereum, are ready for a new challenge.
Professor Daniel Lacalle: Cryptocurrency Becomes Real Alternative Currency
Cover image via www.facebook.com
Contents

Top-notch economist Professor Daniel Lacalle, PhD is a seasoned fund manager and author of the bestsellers 'Life in the Financial Markets' and 'Escape from the Central Bank Trap'. He is also a professor of global economics at the IE Business School in Madrid.

From Financial Assets to Real Currency

According to a tweet by Dr. Lacalle, cryptocurrencies are beginning to enter a new stage of progress. Despite being widely treated as one type of many assets, they are ready to accept a more important role.

Prof. Daniel Lacalle supposes that cryptocurrencies are evolving into new alternative currency
Image via Twitter

According to him, cryptocurrencies have started to establish themselves as real alternative currencies. Dr. Lacalle illustrated this announcement by the price performance charts of Bitcoin (BTC) and Ethereum (ETH).

However, Dr. Lacalle foresees rooms for significant growth for influence by the cryptocurrencies segment. One of the most influential modern economists predicts that it is a 'long way to go' for the adoption of digital currencies as a financial instrument.

It should be noted that Dr. Lacalle is a seasoned contributor to CNBC, Bloomberg TV, BBC, Hedgeye, Seeking Alpha, Business Insider, and several other industry-level financial media outlets.

Paradigm Shift

In 2020, several meaningful announcements regarding cryptocurrency recognition have been made by individual within the spheres of 'classic' or 'real-world' economics: investments, trading, regulation etc.

For instance, billionaire Paul Tudor Jones inspired a short Bitcoin (BTC) rally from his CNBC interview. In his interview, he admitted that he invested about 2% of his assets or almost $100M in Bitcoin (BTC).

Just like Dr. Lacalle, PTJ highlighted that Bitcoin (BTC) is a maturating asset: 

Every day that goes by that bitcoin survives, the trust in it will go up

Legendary investor Robert Kiyosaki, author of 'Rich Dad, Poor Dad', has also become into a vocal Bitcoin (BTC) proponent. He recently criticized billionaire Warren Buffet for slamming the flagship cryptocurrency.

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.)