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The CEO of Goldman Sachs, supported by Circle, claims to believe that Bitcoin and Ethereum are oversold.
In a new interview on CNBC's Squawk Box, Jeremy Allaire states that effective use on both networks exceeds current value.
"The fundamental evaluation metrics in this space are really focused on the actual use of these platforms. Now obviously there are hundreds of different cryptographic resources. There are cryptographic flagship networks such as the Bitcoin network, the Ethereum network. And if we look at the correlations between usage and base value, they are actually highly correlated.
And what we're seeing, actually, is both for Bitcoin and for Ethereum in particular, it's a bit of decoupling there. Which means both of these assets have been oversold. And so, in the case of Bitcoin, perhaps moderately oversold. In the case of Ethereum, potentially rather oversold significantly. So the amount of use remains very high: the amount of people who implement smart and similar contracts. "
As for the future price of BTC, Allaire says it is not in the game of forecasts, but believes that BTC will grow significantly in the coming years. He also thinks that the cryptography market will not end with a scenario to be taken as a winner and that millions of digital resources will be available in the coming years.
"I do not make significant price forecasts, but I think it will certainly be worth much more than it is today …
I do not think he's a winner, take everything. We have a sentence: "the tokenization of everything". We think cryptographic tokens will represent every form of financial asset in the world. There will be millions of them in years. "
The company currently offers more than 567,928 properties available for booking worldwide.
The platform's crypto marketplace was launched in July and was developed as a decentralized application on the NEO blockchain platform.
The company also has a cryptocurrency called Travala, which can be used to book properties. Bitcoin, Ethereum, Litecoin, Dash, Binance Coin, EOS, Stellar and TrueUSD are also accepted.
The founder of Cardano Charles Hoskinson has revealed an official date for the launch of Cardano 1.4.
The update is now scheduled for December 18th. Cardano 1.4 is the basis for Cardano's encrypted Daedelus portfolio.
You can check the complete Cardano roadmap here.
After seven submissions for release and a huge amount of QA work, I am pleased to announce that our best release date for Cardano 1.4 is December 18th. Users of Daedalus will receive an in-client update notification next week. Thank you all for your patience and support
– Charles Hoskinson (@IOHK_Charles) December 14, 2018
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Disclaimer: the opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and operations are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital assets, nor The Daily Hodl is an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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