Analyst: Altcoins Down 80-90% Could Outperform Bitcoin
The analyst argues that many altcoins now resemble Bitcoin's earlier accumulation phases before its biggest rallies.
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The post Is BTC Real Bitcoin? Self-Proclaimed Satoshi Craig Wright Breaks Down Key Difference appeared on BitcoinEthereumNews.com. Known for his years of legal battles, Australian computer scientist Craig Wright – whose claim to being Bitcoin creator Satoshi Nakamoto was officially rejected by London’s High Court – is once again attempting to regain media influence. This time, the trigger was criticism of the leading cryptocurrency from billionaire Ray Dalio, who recently stated that central banks around the world are unlikely to ever hold BTC on their balance sheets. For those who missed it, Dalio’s main concern is the absolute transparency and traceability of the blockchain. In his view, the public ledger makes transactions vulnerable to total surveillance and external monitoring, which runs against the interests of state regulators. Bitcoin or BTC? Craig Wright used this argument to promote his long-standing concept, proposing a strict separation between “BTC” and “Bitcoin”. Accordi
Read full articleThe analyst argues that many altcoins now resemble Bitcoin's earlier accumulation phases before its biggest rallies.
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