Crypto Cowboy Jimmy Song Responds To Nathaniel Popper’s Bitcoin Stance
Jimmy Song Responds To Nathaniel Popper’s Stance On Bitcoin
A couple of days back, Nathaniel Popper, a Journalist at the New York Times shared tips on how to keep a check on cryptocurrencies that experience great volatility in the market. Popular Bitcoin developer Jimmy Song responded to the Popper on Twitter.
Earlier, Popper had explained that when it comes to investing in Bitcoin and other cryptos, he does not hold much belief in the idea. He additionally asserted that he does not recommend people, who seek an opinion, to invest in cryptocurrencies. According to him, the prices of all of the existing digital tokens hold a high chance of nulling. However, for the people who possess an interest in the workings of crypto-tokens, such as transactions via shared ledgers and a decentralized power unlike the traditional banking system, he recommends starting off with a small investment.
The Fintech reporter also dropped some tips on the tools that can be used to track these highly volatile cryptocurrencies. Here, he mentioned the popular data collector online portal called CoinMarketCap. Furthermore, a website named Onchainfx was stated to be his personal favorite.
Popper responded to Song’s Tweet by saying
“You could say the same thing about the stock market but the reason you keep money in a savings account is because you want immediate access to it in the near future (and probably don't want to have to worry about finding merchants who accept cryptocurrency).”