More and more experts are now predicting that the flagship crypto asset will continue to strengthen its position. The founder of Quantum Economics and crypto analyst Mati Greenspan noted that a bullish phase may soon start in the market. At the same time, it will be bitcoin that will be the key beneficiary. “#Bitcoin❗ $BTC
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as been growing like a snowball since Taproot was introduced,” the researcher said. Taproot is a global update that was implemented in the bitcoin ecosystem at the end of 2021. It became a kind of foundation that allowed to increase the speed of transaction processing.
According to the specialist, this update opened new opportunities for DeFi and NFT in the network of the main digital coin. Mati Greenspan believes that bitcoin is able to reach the mark of $100 thousand. Especially about this we can talk confidently if the new President of the United States will be favorable to the segment of digital assets. On the other hand, the specialist is not so optimistic about the prospects of Ethereum.
The researcher motivated his opinion by the fact that the main altcoin has not yet fully solved the problems caused by its low bandwidth. In addition, there are many direct competitors on the market, which stand out more favorably in this aspect. It is also worth noting that in terms of capitalization bitcoin has surpassed ether by more than $1 trillion.
The specialist also noted his skepticism towards the meme-token segment. He emphasized that representatives of this asset class can actually demonstrate phenomenal growth dynamics in the short term. However, long-term investors are not inclined to take such arguments seriously. In conclusion, the expert noted that mem-#tokens are mostly the domain of speculative traders.
