Bitcoin Remains Best Cryptocurrency: Wall Street’s “Crypto King”

For all the news about cryptos
Forum rules
- Add an image
- Quote your source
Ledger Nano S - The secure hardware wallet
User avatar

Topic author
Junaid
BabyUnicorn
BabyUnicorn
Posts: 192
Joined: 12 Jun 2018, 07:27
Cash on hand: 7,988.00
Has thanked: 1 time
Been thanked: 10 times
Pakistan

#49258

12 Jul 2018, 10:04

Bitcoin Remains Best Cryptocurrency: Wall Street’s “Crypto King”
Image

Bitcoin remains the best bet among cryptocurrencies because people are “functionally using it,” Bart Smith, head of digital assets at Susquehanna International Group, a global trading firm that are active in a wide range of markets, told CNBC.

He compared bitcoin to ethereum and smaller tokens built on the Ethereum platform by explaining that technologies such as smart contracts and decentralized apps “are very difficult [to use] and aren’t coming any time soon.”

“The use case for bitcoin is valid today, which is the currency of the Internet,” he said, adding that “it’s digital gold and it’s a cross-border money transfer which people use.”

While discussing bitcoin’s relative resilience as other tokens have sold off heavily, Smith, dubbed “Wall Street’s crypto king” by the show host, also mentioned two important price levels to keep an eye on in the bitcoin market; USD 5,800 and USD 6,800. (USD 6.362 at press time, according to coinmarketcap.com.)
source:"https://cryptonews.com/news/bitcoin-rem ... n-2228.htm"


User avatar

Choudry76
SeniorUnicorn
SeniorUnicorn
Posts: 508
Joined: 19 Jan 2018, 14:12
Cash on hand: 12.42
Bank: 0.00
Has thanked: 10 times
Been thanked: 12 times
Contact:
Pakistan

#49270

12 Jul 2018, 19:32

Yes, BTC is king of crypto world

[ Post made via Android ]

Was This Topic Useful?

Locked
  • Similar Topics
    Replies
    Views
    Last post

Return to “News Crypto”

  • Information
  • Who is online

    Users browsing this forum: No registered users and 9 guests