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Gareth Soloway: “Ethereum Can Flip Bitcoin”
Bitcoin came off of labor-day weekend down 4%, trading for under $19,000 for the first time since early July. The surprise correction on September 6th took Bitcoin from $19,820 to $18,960 in less than two hours, and dropped down even further, as it now trades for $18,654.24. Historically, September hasn’t been too kind to Bitcoin. Bitcoin has closed its previous five months of September in losses. Bitcoin’s September woes aren’t the biggest news in the crypto space. Ethereum’s merge has many excited about its potential, as Ethereum’s energy consumption is predicted to be cut by 99.95% with the switch to proof-of-stake. In an interview with Paul Barron Network, trader Gareth Soloway shared his thoughts about what he sees coming with Bitcoin and Ethereum in the near future. In the long-term, Soloway believes in Bitcoin but short-term, he sees trouble ahead in September. In the contrast, Soloway believes that Ethereum can show a short-term rally if the transition to proof-of-stake is smooth and in the long-term, Ethereum flipping Bitcoin is not completely unrealistic. Everything depends on the merge.
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Watch the full unedited interview here ⬇ [Credits] 🙏
https://www.youtube.com/watch?v=CewJ5CaI6Fg&t=730s
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🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound
🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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FAIR-USE COPYRIGHT DISCLAIMER
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by the copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use.
-This video has no negative impact on the original works (It would actually be positive for them)
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