Post
Topic
Board Bitcoin Discussion
Re: WTF is going on in crypto 💣
by
LogitechMouse
on 13/06/2020, 00:37:31 UTC
Bitcoin passed the halving, and Ethereum is heading into Eth 2.0. What are your thoughts on the direction of the blockchain? We're seeing the prices increasing but do you think these network updates are priced in and will eventually come back down before the upgrades?
Blockchain is slowly upgrading within this past years so I see the blockchain to upgrade this year and in the next years as always. With regards to ETH 2.0, there are many investors who are holding 32 ETH already making its price to rise up because of the 2.0 that they are developing. In terms of the prices, maybe there is a small correction but I don't believe that it will go to its price last march.

With the United States pumping in money into the economy, is Bitcoin going to be the new standard?
Nope for me. They are seeing Bitcoin as they last resort and they're supporting it but to be the new standard, I don't think we already reach that part now. USD is still the one that US will use for their economy. They might buy some BTC though and other assets in order to save their economy.