Barclays Private strategist believes that Bitcoin is almost impossible to invest in, and the number of Tether transactions on the Tron blockchain has exceeded Ethereum values
Barclays Private strategist thinks bitcoin is almost impossible to invest in
Gerald Moser, chief strategist at Barclays Private, believes that it is almost impossible to invest in bitcoins. The expert pointed out that BTC and other crypto coins are quite volatile. In his opinion, the average Wall Street investor does not like assets that are too volatile, even with serious potential returns.
“While it is nigh on impossible to forecast an expected return for bitcoin, its volatility makes the asset almost ‘uninvestable’ from a portfolio perspective,” Moser said.
The chief strategist at Barclays believes that the profitability of cryptocurrencies is related to the inflow of funds from retail investors, and “this is not a very reliable basis for long-term growth.”
The number of Tether transactions on the Tron blockchain has surpassed Ethereum values
The number of Tether transactions on the Tron blockchain turned out to be higher than those on Ethereum. A similar trend has been observed for several weeks. This is happening amid persisting high fees on the Ethereum blockchain.
The weekly number of USDT transactions on Ethereum has been stable at the level of 1.5 million recently. But on the Tron blockchain, the number of Tether transactions per week has increased from 900,000 to almost 2 million.
CoinMetrics analyst Nate Maddrey believes this trend is more related to fees. Ethereum transaction fees have previously peaked at over $ 19. Now its size is about $ 8.
“As fees go up, [tether] transactions tend to shift from Ethereum to Tron,” Maddrey said.