Bankless ROLLUP: First Week of January
Jan 8, 2021
The cryptocurrency market is surging, with Bitcoin hitting $40,000 and Ethereum breaking market cap highs. Analysts are speculating a $146,000 Bitcoin price target. As DeFi continues to grow, DeFi innovations like YAM evolving from food tokens to DAO insurance are highlighted. The discussion includes the impact of regulations, potential ETF developments, and the importance of privacy in transactions. Ethereum remains the dominant player, with insights into strategic market behavior and predictions for an 'alt season' as crypto's total market cap exceeds $1 trillion.
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Bitcoin's Institutional Appeal
- Bitcoin's status as the best-performing asset of the decade makes it hard to ignore.
- Institutional investors are now more likely to consider Bitcoin due to its undeniable performance.
Ether's All-Time High Dance
- Ether's price is teasing all-time highs, creating anticipation.
- It already broke its market cap all-time high, further fueling bullish sentiment.
David's Ether Prediction
- David Hoffman calculated potential returns when Ether was at $100.
- Despite bearish sentiment, he envisioned Ether returning to its all-time high, which is now close.