The billionaire stated that what he is emphasizing is bigger than the cryptocurrency investment that was 10 years ago, when BTC was trading below $100. cryptocoin.com We have compiled the statements made by the billionaire for you.
It will offer a bigger opportunity than Bitcoin in the crypto money market
Social Capital CEO Chamath Palihapitiya delivered a speech at the event held at Wharton Business School. However, in his speech, Palihapitiya stated that he predicts that the energy generation, computing and life sciences sectors will create trillions of dollars worth of wealth worldwide. Also, according to the billionaire’s assessment, there is probably no larger project to develop.
Palihapitiya argued that what he emphasized would create a greater opportunity than even Bitcoin investment 10 years ago, when BTC was trading below $100. The billionaire said in a statement:
“My intuition tells me this is the most promising investment opportunity of my life and I have never felt this way before. I didn’t even feel that way about your Bitcoin. I was also someone who owned 5% of them in 2011. However, even when I was sure of a definitive result, my average dollar cost was around $90 or $100.”
In addition to Palihapitiya, ‘I’m telling you, BTC will be very pale next to it.’ said. However, these statements had a more shocking effect. The billionaire had previously said that those who invested in times of crisis would reap the benefits with great rises in the coming years.
Liquidity review for Bitcoin and Ether
Liquidity conditions in the BTC and ETH markets are at their worst since the collapse of Terra in May 2022. Liquidity conditions in the Bitcoin (BTC) and Ether (ETH) markets continue to worsen, and the situation is more worrying now than it was three months ago. This worries traders about sudden price fluctuations in the crypto market.
Data from Paris-based crypto data provider Kaiko shows that Bitcoin’s 2% market depth has dropped to 6,800 BTC for USDT pairs collected from 15 centralized exchanges. This is the lowest level since May 2022, when the Terra network collapsed, and below the level following the crypto exchange FTX collapse. It has dropped significantly from its October high of 15,000 BTC. Ether’s 2% market depth has fallen by half since October to reach 57,000 ETH, led by Binance.
The TWAP or time-weighted average price is an algorithmic strategy that focuses on obtaining an average trade execution price close to the time-weighted average price of the asset. In other words, it involves dividing a large order into smaller quantities and executing them at regular intervals to minimize the impact on the market and reduce slippage.
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