Although Bitcoin and altcoin projects have not performed well in the last 24 hours, the comments of famous people in the cryptocurrency space are noteworthy. In this article, we will convey the predictions of three cryptocurrency billionaires for the market. Here are the details…
Morgan Stanley CEO: Cryptocurrencies are permanent
Morgan Stanley CEO James Gorman, who attended a Reuters conference in New York on Thursday, said he does not see cryptocurrencies as a passing fad. He believes cryptocurrencies are here to stay. At the same time, Gorman says he can’t put any real value on the startup. Gorman added that he often dislikes investing in things that have a wide variety of consequences.
Gorman said in September that crypto is “by definition” a speculative asset. He mentioned that he does not see this as a new form of storing value. At the time, Gorman confirmed that he did not own any cryptocurrency. He added that he was happy not to buy Bitcoin at $60,000. Morgan Stanley has invested millions of dollars in shares of the Grayscale Bitcoin Trust. It even owned more GBTC shares than Ark Invest by the end of 2021. cryptocoin.com As we have also reported, in a recent report, the New York-based banking giant compared Bitcoin to Tesla.
David Gokhshtein: I prefer Ethereum over Bitcoin
On the other hand, David Gokhshtein, founder of Gokhshtein Media, says he would prefer ETH over BTC right now for no other reason than just based on returns. Looking at the seven-day returns of both Bitcoin and Ethereum, it turns out that ETH is outperforming in this regard. Bitcoin has increased by 3.4 percent in the last seven days, while Ethereum has increased by 8.8 percent in the process.
The opposite situation can be seen in longer time frames. BTC outperforms ETH on both the 30-day and annual timeframes. According to the data, Bitcoin has lost 16.2 percent and 69.9 percent in the last 30 days and annually, respectively. ETH, on the other hand, has dropped 18.2 percent in the last 30 days and 72.3 percent year-on-year.
Mike Novogratz: Bitcoin will recover
Finally, Mike Novogratz called for SBF to be prosecuted, noting that the crypto industry will recover from the effects of the FTX boom. Novogratz recently discussed Sam Bankman-Fried’s last words in an interview at the New York Times’ DealBook Summit. He wanted the FTX founder to be prosecuted and arrested. He claimed that such a development would save Bitcoin and the crypto industry from the damaging effects of the FTX debacle.
Talking about the comments, Novogratz claimed that SBF was not the only culprit in the FTX case, claiming that all the people involved in the incident were “perpetuating a massive scam.” He then stated that he wanted the relevant authorities to get to the bottom of what happened and arrest those involved. “He needs to be tried. Let them spend time in prison,” he said. According to Mike Novogratz, Bitcoin and cryptocurrency markets will recover from the harmful effects of the FTX event.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.