Alex Lemberg, CEO of DeFi platform Nimbus, which has been using Blockchain technology since 2011 and has 50,000 users in 120 countries, made comments on the price of Bitcoin and Ethereum in his statement recently.
Lemberg shared his comments on the questions of “are we entering a cryptocurrency winter” after the Bitcoin price remained far from the $ 69,000 level in November.
"I think the talk that we're entering the cryptocurrency winter is absurd. The less likely you are to experience a winter in Miami, the less likely we are to experience a cryptocurrency winter. Cryptocurrencies still have very low market caps. The sum of the entire cryptocurrency market, Apple' It's not even worth its market value."
BTC and ETH Price May Double According to Lemberg
Saying that he expects an exponential growth in the crypto money world every year, the famous CEO thinks that the prices of the world's largest cryptocurrencies Bitcoin and Ethereum will double despite all the tightening moves of the Fed.
“Considering that we reached the $68,000-$69,000 band last year despite very limited market participation, it would be absurd to think that there is no going back to these levels.”
Lemberg Announces His 5 Favorite Altcoins
Lemberg, who also made a statement about altcoins, said that he likes altcoins that have a certain usage area, not just for investment purposes. The famous CEO also shared his favorite altcoins. Thinking that Layer-1 solutions will continue to grow this year, Lemberg said that strong altcoins such as Solana (SOL), Avalanche (AVAX), Polkadot (DOT), Terra (LUNA) and Cardano (ADA) are industry favorites.
Bitcoin stock market supply sees massive drop
On-chain data provider Santiment tweeted that after the Bitcoin price saw several consecutive drops, the amount of BTC held in exchange wallets has dropped sharply. According to data from the analytics company, the drop reached 10.87, the lowest score observed in crypto trading venues in December 2018, in the middle of the most recent crypto winter. The company's analysts believe that these large withdrawals will prevent any major sales at this time.