According to the entrepreneur, the probability of continuing the bull trend of the first cryptocurrency exceeds 50%, since large companies remain significant demand for spot-bitcoin -etf.
McClarg added that after Bitcoin updates the maximum, most likely the market will go to the correction phase next year. Now the quotes of the asset will not demonstrate serious growth, as August is considered a weak period for a coin. However, at the end of September, it is worth expecting the resumption of the growth impulse of the first cryptocurrency, which will last until the end of the year.
In addition, Macclary criticized Ethereum, calling it outdated compared to other blockchains.
“I am not a big fan of Ethereum simply because this is an old technology. There are many other protocols that are faster, cheaper for transactions and fundamentally safer. ”
He noted that the ether course will inevitably go down, and will not be able to reach a new historical maximum in the framework of the current market cycle. In contrast, Litecoin has a chance to become a more popular asset than the second in capitalization of cryptocurrency.
Earlier, SATOSHI Action Education Analysts Murray A. Rudd and Dennis Porter said that with a probability of 75%, Bitcoin will exceed $ 4.81 million to April 2036.
Source: Bits
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