Cameron Winklevoss, a Bitcoin investor and billionaire, was bullish on January 6, despite a weekly loss of nearly 10 percent. In his opinion, the biggest risk associated with investing in Bitcoin is not investing:
Traditional errors of judgment
But even the smallest fish in the crypto pond were bullish on Twitter at the end of last week.
Emin Gün Sirer, a Turkish-American computer scientist who is particularly known for his publications on peer-to-peer systems, refers to historical forecasts of great technical inventions. To point out a possible parallel, add your guess for the next few years:
What do Michael Saylor and Mario Draghi have in common?
MicroStrategy CEO Michael Saylor is clearly committed to the leader among cryptocurrencies. However, it is doubtful that Saylor’s statement on Bitcoin has a calming effect similar to that of Mario Draghi’s well-known phrase about the euro crisis in 2012.
After all, there is no rude awakening
Analyst Willy Woo also recalls the euro and financial crisis between the lines. It highlights that the volatility of Bitcoins is precisely its strength. Because the constant ups and downs at least wouldn’t suggest that the currencies are stable. According to Woo, that was never the case.
However, last week cannot be overlooked. As BTC-ECHO reported, the hashrate in Kazakhstan quickly and severely collapsed, raising security concerns for the network. The total market capitalization of the cryptocurrency market fell below two trillion and the Fed’s interest rate decisions sent the price of cryptocurrencies plummeting. On the other hand, hopes for digital assets were raised by the inflation estimates recently released by the Federal Statistical Office and the reaction of a billionaire.
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