Three Arrows Capital founder and CEO Su Zhu brought a different perspective to Bitcoin, saying that the dominance indicator in Bitcoin is only valid for billionaires.
The CEO warned novice investors who choose to invest in high-risk cryptocurrencies with a post on his Twitter account.
He said that it does not make sense to invest in tokens that are considered to be very profitable, rather than the two largest cryptocurrencies, which are safer than others.
I also agree btcd is irrelevant for anyone not 10figs+
If I were starting out today and looking to run it up hot id own zero btc or eth
Would be in avax sol and their ecosystem plays and it’s not even close
This does not mean btc won’t flip gold or eth won’t go 25k#facts https://t.co/xNuaJavaRA
— Zhu Su 🔺 (@zhusu) September 19, 2021
As an example, he stated earlier this year that meme tokens like Dogecoin are actually a skeculative frenzy.
He stated that these tokens are popular because investors have “dream of getting rich overnight”.
“If I personally entered the crypto market today and had zero Bitcoin and Ethereum, I would bet on Solana (SOL) and Avalanche,” the famous billionaire said. Underlining that this comment is not a disparaging comment on Bitcoin and Ethereum, Su made an assessment on the risk-return ratio.
Saying that Bitcoin and Ethereum will continue the upward trend, Su stated that he predicts that Bitcoin will change the market value of gold and that Ethereum will reach $ 25,000 in the future.
Stating that some analysts do not agree with the views that the largest cryptocurrency Bitcoin does not have many advantages, Zhu made a wild prediction in February and said that Bitcoin will reach $ 2.5 million in the long run.
*Not investment advice.