Bankless ROLLUP: Crypto Rallies | Gemini vs Barry Silbert | Game of Thrones NFT | Ethereum Liquid Staking | Inflation
Jan 13, 2023
The podcast dives into the rising tensions between high-profile crypto figures, including a contentious battle between the Winklevoss twins and Barry Silbert. It explores a recent surge in Bitcoin and Ethereum prices, influenced by inflation news, while analyzing the contrasting dynamics of these two cryptocurrencies in bear markets. The intriguing rise of Game of Thrones NFTs and the implications of USDC's new backing by BlackRock are also discussed. Listeners get a glimpse into the evolving job opportunities in the crypto sector alongside recent industry upheavals.
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Reduced ETH Sell Pressure
- ETH's total supply increased minimally during recent months, showing reduced sell pressure.
- This contrasts with the previous bear market, where significant sell pressure drove ETH down 94%.
ETH's Performance
- ETH is performing differently this bear market compared to the last.
- It's down 71% from its all-time high, while Bitcoin is down 73%.
Market Bottom?
- David Hoffman believes the market has bottomed, citing ETH's price resilience.
- He doesn't anticipate ETH dropping below $800 again unless a major unforeseen event occurs.