RATE Group | Ethereum in Its First Big Bear Market Like Bitcoin in 2015, Analyst Says
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Ethereum in Its First Big Bear Market Like Bitcoin in 2015, Analyst Says

21 Aug Ethereum in Its First Big Bear Market Like Bitcoin in 2015, Analyst Says

Posted at 09:48h in Bitcoin News by

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Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether (ETH) is enduring its first mainstream bear market, just as Bitcoin (BTC) did back in 2014-15.

In a tweet posted on Aug. 20, Burniske noted that in retrospect, 2014-15 revealed itself as having been the best risk/reward period for investors to get Bitcoin exposure. He added:

“To objective observers, the network’s momentum was clear despite the bearish price action; those predisposed to dislike based on perceived vested interests, were blinded by biases & missed the bus. What happened to $BTC then is happening to $ETH now.”

Ether price chart, July 2018-August 2019

Ether price chart, July 2018-August 2019. Source: Coin360

Bitcoin price chart, July 2014-April 2015

Bitcoin price chart, July 2014-April 2015. Source: Coin360

 

Bottleneck issues “not solved at all”

Parallel to Burniske’s comments on Ether’s price action, the founder of top crypto exchange Binance, Changpeng Zhao, also known as CZ, picked up on the ongoing debate sparked by Vitalik Buterin’s statement this…

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