Decrease Forecast in Bitcoin
Stating that Bitcoin was finally pushing the $ 9600 resistance, the analyst stated that this rally stems from movements in futures markets such as Chicago Mercantile Exchange and CME Bitcoin Futures.
Stating that Bitcoin may soon fall below the $ 9400 level, the analyst said that $ 8800 levels have gained importance as the new support point. Stating that the price of Bitcoin is starting to move downwards, he said that even 8000 dollar gold can be seen.
Emphasizing that Bitcoin domination has begun to decline since there is no strong upward movement in Bitcoin, Crypto Emre stated that this rate is likely to decrease from 67%, the current domination rate, to 65%. In addition, the analyst stressed that although altcoins are now rising, he is not expecting a long-running altcoin rally.
“In recent days, altcoins such as Cardano and BitCherry have increased, but we should not be too excited. Because I feel like we are entering a state of uncertainty again in the global markets. ”
Crypto Money Evolution
While adding to the environment in the 2008 crisis that prepared the environment for the creation of Bitcoin, the famous analyst added that even though Bitcoin has a relatively low market value (compared to the gold market value of 8 trillion dollars), Bitcoin has turned into a valuable asset.
Crypto Emre also made striking explanations about the state of Bitcoin and altcoins: “If you remember, transactions in Bitcoin were swollen in 2017. The same is true today after the 3rd Bitcoin split. It was obvious that Bitcoin could not handle such transactions as software, it is not available for daily transactions. That's why altcoins have emerged as Bitcoin alternatives and have been successful in many ways. ”
“I have questions about what happens to this project, where does this project come from? For most projects, there is no longer any potential, the ecosystem has come to a different place. Don't try to evaluate today with the data of that day (2017) and invest money in altcoins anymore. I used to say there is potential in NANO, now for example. ”
Is Adam Back Satoshi?
Crypto Emre, who hosted BTCTurk CTO Ozan Yurtseven, Blockstream CSO, Samson Mow, BTSE Exchange founder and CEO, Adam Back, in his latest video on Youtube; He asked Back that question that everyone was curious about.
As it is known, the possibility that Adam Back was Bitcoin creator Satoshi Nakamoto caused excitement in many people. Crypto Emre, who wanted to learn the answer of this question from the first source, directed Adam Back to his question. The veteran name made the following statement:
"Sorry to disappoint you, but no, not me."
On top of this answer, Samson Mow, Blockstream CTO, was humorous; "This is exactly what Satoshi Nakamoto can say." said.
Adam Back closed the issue here, stating that it would be better for the ecosystem to know the creator of the Bitcoin.
