Strategist: Bitcoin more likely to be successful 'in the long run' than Ethereum
Lyn Alden likens Ethereum to the Concorde aircraft: functional, but not "an economically sustainable project." One reason strategist and investment guru Lyn Alden isn't invested in Ether is she considers the Ethereum network an “unfinished product” when compared with Bitcoin.Alden’s economic analysis of Ethereum released today compares the smart contract network to the Concorde jet: functional as it has “a ton of smart developers working on it,” but unlikely to become an economically sustainable project in the long run. She ran down some of Ethereum’s main features as evidence of her....
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The senior commodity strategist at Bloomberg Intelligence, Mike McGlone, has been long on bitcoin for a while now and he said last month that bitcoin has a “bullish ace up its sleeve.” This week the strategist’s analysis notes that bitcoin prices will likely revert toward the $60K handle in contrast to the $20K support range. ETF Analyst: ‘China Doesn’t Reject Bitcoin, Bitcoin Rejects China’ On July 23, Bloomberg’s senior exchange-traded fund (ETF) analyst Eric Balchunas shared a screenshot of Mike McGlone’s written statement concerning....
The past two days following the weekend close have not been the best for Ethereum. Along with the broader crypto market, the digital asset has suffered numerous dips that saw it break below $3,000 for the first time in a month. Although recovered back above $3,000, Ethereum continues to have a hard time maintain its position above this resistance point. Although hopes are up in the community for recovery, a JPMorgan strategist has warned that the market is likely to see more dips that will drive the price of the digital asset further down. The strategist’s forecast essentially puts....
According to a chief market strategist, Ethereum could form a possible w-bottom, an indicator that usually suggests a bull market. Strategist: Ethereum Might Form A “Higher High” In a call with MarketWatch, Matt Maley has said that ETH could be moving in a bullish direction if certain conditions are met. Maley is a chief market strategist at Tabak and Co., and during the call with MarketWatch, the strategist has talked about Bitcoin and Ethereum. According to Maley, the 200 Daily Moving Average (DMA) is an important level, breaking above which would be bullish for the crypto.....
An investment strategist at Southeast Asia’s largest bank, DBS, says bitcoin is unique whether the price changes or not. “If we just look purely on a price basis, you will see a lot of volatility and that doesn’t inform you a lot about what benefits it actually brings,” the DBS strategist emphasized.
DBS Strategist on Bitcoin’s Uniqueness
DBS investment strategist Daryl Ho talked about bitcoin in a recent media briefing, Finews Asia reported Friday. He explained, “If we just look purely on a price basis, you will see a lot of....
Mizuho Securities’ head of global macro strategies has warned that an IMF bailout may be in the U.K.’s future. Moreover, a former chancellor of the exchequer cautioned that Britain is entering a long and severe recession, emphasizing that it’s “the worst since 1990 and it may be the worst since before that.”
Strategist Discusses Possibility of IMF Bailout for the UK
Peter Chatwell, head of global macro strategies at Mizuho Securities, shared his outlook for the U.K. economy in an interview on Bloomberg Television Monday.
He....