Three Arrows Capital founder and CEO Su Zhu brought a different perspective to Bitcoin, saying that the dominance indicator in Bitcoin is only valid for billionaires.
The CEO warned novice investors opting to invest in high-risk cryptocurrencies in a post on his Twitter account.
He said there is no point in investing in tokens that are considered very profitable, rather than the two largest cryptocurrencies, which are more secure than others.
I also agree that btcd is irrelevant to anything other than 10figs +
If you were starting today and looking to run it hot id own zero btc or eth
It would be in avax sol and its ecosystem plays and it is not even close
This does not mean that btc will not go gold or eth will not reach 25k#facts https://t.co/xNuaJavaRA
– Zhu Su 🔺 (@zhusu) September 19, 2021
As an example, he stated earlier this year that meme tokens like Dogecoin are actually a skeptical frenzy.
He claimed that these tokens are popular because investors “dream of getting rich overnight.”
“If I personally entered the cryptocurrency market today and did not have Bitcoin or Ethereum, I would bet on Solana (SOL) and Avalanche,” said the famous billionaire. Underlining that this comment is not a derogatory comment on Bitcoin and Ethereum, Su made an assessment on the risk-return ratio.
Saying that Bitcoin and Ethereum will continue the uptrend, Su stated that he predicts that Bitcoin will change the market value of gold and that Ethereum will hit $ 25,000 in the future.
Stating that some analysts disagree with the view that the largest cryptocurrency, Bitcoin, doesn’t have many advantages, Zhu made a wild prediction in February, saying that Bitcoin will hit $ 2.5 million in the long run.
* No investment advice.