As such, what is happening with Bitcoin (BTC) and major altcoins looks like a regular day in trenches to the seasoned macro expert.
Also, Pal mentioned impressive performance of Church of the Smoking Chicken Fish (SCF), a novel eccentric Solana-based meme coin.
He added that the pessimism on this market is nothing but “noise.” Pal’s statements were echoed by BitMEX founder Arthur Hayes. As covered by U.Today previously, Hayes calls the current days “shopping time.”
The BitMEX founder attributed current volatility spikes to macro processes in the U.S. and Japan.
However, as covered by U.Today previously, some voices of Crypto Twitter do not share the enthusiasm of Pal and Hayes. For instance, trader Henrik Zeberg said that we might be two months short of the largest collapse since the 1929 Great Depression.
He “lifted the deadline” for the major macro top to this October. Also, a number of prominent traders insist that we will not see new highs for Bitcoin (BTC) in the next four years.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
