eToro Analyst Says the Bitcoin Mafia Is Suppressing BTC Again, Ran NeuNer Comments on Bubble Popping Twice
eToro’s Mati Greenspan recently implied that the hibernating Bitcoin mafia has woken up owing to the recent bull run that made Bitcoin cross the $5,000 mark.
Greenspan also said that Wall Street and its many investors hold a significant part of the BTC market.
The CME bitcoin futures traded about $563 million yesterday.@MessariCrypto reports that the top 10 exchanges traded about $685 million.
Even though Wall Street's contracts are only paper, and not settled in bitcoin, they are still a significant part of this market now. pic.twitter.com/5iUZlymdfe
— Mati Greenspan (@MatiGreenspan) April 5, 2019
A lot of people are turning their heads towards cryptos. Peter Mallouk, the financial planner and president of wealth management firm Creative Planning, told CNBC:
“There are so many types of virtual currencies — like litecoin, ethereum, ripple and, of course, bitcoin — that “there’s no way that even a fraction of them can survive. There are companies that are very heavily investing in blockchain and you can buy those companies — companies like IBM and Accenture.”
To these comments, Greenspan replied:
“If you’re excited about blockchain, buy IBM stock or Walmart, anything but bitcoin.”
PS. Watch out for the bitcoin mafia.😂”
Ran Neunor, one of the only pro-crypto voices on mainstream news also holds the same sentiments as Greenspan. He adds:
“I can’t respect any publication that is still calling Bitcoin a bubble. Even if it was a bubble last year, I’ve never seen a bubble pop twice!”
The market expert pointed out that he hasn’t seen a bubble pop twice, and since the Bitcoin had crashed last year, then it would no longer pop again. NeuNer added that he expects that the talks of cryptocurrency collapse should be a thing of the past.
“I would imagine two things by now; 1. Talk of Cryptocurrency collapse is a thing of the past. Not only is it here to stay but everyone knows this by now! 2. CNBC would be smarter in their selection of guests and articles.”
Even Joseph Young said similar things to RAn. He said that if NASDAQ can recover twice, once from dot-com bubble burst, and another from 2008 financial crisis even Bitcoin has the same capabilities.