THELOGICALINDIAN - If youve looked into Bitcoin or cryptocurrency on Twitter over the accomplished halfyear you acceptable apperceive of Joe007 He is a bearding BTC bang that through Bitfinexs leaderboard arrangement displayed he fabricated millions of dollars trading a month
After a two-month hiatus, Joe007 alternate to Crypto Twitter aftermost week. And he’s been quick to accomplish arresting and polarizing comments.
Expect an Altcoin “Extinction Event,” Bitcoin Whale Asserts
Altcoins accept done acutely able-bodied over contempo weeks and months.
The blueprint beneath from an industry abstracts analyst depicts this trend well: back the alpha of the year, a majority of altcoins accept absolutely outperformed Bitcoin.
Yet this trend won’t aftermost for long, according to Joe007. He wrote on July 3rd that his appearance is that a “s**tcoin accumulation afterlife accident will acceptable announce abutting Bitcoin rally. Make of it what you will.”
The Bitcoin broker fabricated this acknowledgment to a catechism from one of his followers about BTC’s ascendancy metric.
Joe007 is far from the alone broker assured a majority of non-Bitcoin cryptocurrencies to fail.
The arch controlling of Bitcoin basement close Blockstream, Adam Back, in June asserted that there is alone one cryptocurrency: Bitcoin.
There’s additionally Jason Calacanis, a arresting administrator and angel broker able-bodied accepted for advance in Uber, Robinhood, and Trello. He said on June 27th on the ability of altcoin projects:
As an aside, Calacanis is starting to become optimistic about Bitcoin afterwards he claimed the asset could amend to $500-0.
His Anti-Ethereum Skew
Joe007 has accurately targeted Ethereum over contempo months.
Per previous letters from Bitcoinist, the Bitcoin bang branded decentralized accounts a “Rube Goldberg apparatus area you never apperceive which allotment fails or gets afraid next.” His animadversion came anon afterwards there was a alternation of hacks of DeFi protocols.
Yet this was far from the end of the investor’s tirade. DeFi is but addition “marketing ploy” by Ethereum’s proponents, Joe007 added, calling blockchain-based accounts applications useless:
The broker angled bottomward on his anti-Ethereum affect recently.
He wrote that “Ethereum narratives [are] alive so fast,” referencing the newfound affect that “ETH is money.”
