Former hedge fund manager and convicted inmate Martin Shkreli, who was released early from prison on Wednesday, recently spoke on Twitter Spaces. wither and In Algorand altcoins He declared that he was in favor of the bull.
“I think in five years you can sell your Solana for a lot more,” Shkreli predicted.
Shkreli believes the two cryptocurrencies in question could “eat up” the competitiveness of Bitcoin.
Shkreli also believes that Ethereum will surpass Bitcoin. “Given all the application areas for Ether this is hard not to happen,” Shkreli said.
“Bitcoin Mining Is Not Sustainable”
When it comes to Bitcoin, Shkreli believes that the world’s largest cryptocurrency will not be able to survive in the long run. Shkreli described BTC’s energy dynamics as “useless”.
“I am pessimistic towards Bitcoin in the long run… If someone were watching us from Mars, they would think we are crazy,” Shkreli said.
The famous name said that the process of producing a complex algorithm and then solving this algorithm using electrical energy was “insane” and stated that he thought it was not sustainable.
Cryptocurrencies and Crime
Widely criticized for raising the price of the life-saving drug Daraprim by a staggering 5,000%, Shkreli was sentenced to seven years in prison in 2018 for securities fraud. Due to this increase in the price of drugs, Shkreli was once described as the most hated person in the USA.
Convicted criminal Shkreli also referred to crypto crimes, claiming that it was “terrible” for people to abuse the system “to get something that was not intended”.
*Not investment advice.