Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Hedge Fund Guru Says Bitcoin (BTC) and Ethereum (ETH) Supply Shocks Will Surprise Many Unsuspecting Traders

by Daily Hodl Staff
April 16, 2020
in Bitcoin, Ethereum
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

The CEO of the cryptocurrency hedge fund Three Arrows Capital says crypto traders and analysts are underestimating the impact that Bitcoin’s halving will have on the market.

Su Zhu says he expects next month’s halving event, which is set to cut the supply of new BTC in half, will trigger a significant supply shock that increases buy-side pressure. Zhu tells The Block that he believes the halving is no longer priced in after Bitcoin’s plunge to its current level of around $7,000.

“I think at this point it’s not priced in. I think it was arguably priced in a few months ago from the point of view of the leverage, but then the spot buying not coming in. I think once the halving comes through and people see there’s less supply coming on the market, there’s going to be quite a big supply shock…

I think ultimately people will be surprised by how little supply there can be if we go into a run, and then new money comes buying in as well.”

In addition, Zhu says concerns that Bitcoin miners are in a dire position as the halving approaches are overblown, and large miners are in an especially solid position with plenty of spare collateral to go around.

As for Ethereum, Zhu says his firm is seeing high-net worth individuals taking a renewed interest.

He says ETH is significantly underpriced and believes a proposal that would burn ETH each time a transaction is processed will be implemented and will likely trigger a separate supply shock in the second-largest cryptocurrency.

“I can say in the high net worth space that we see in Asia, there’s serious interest in Ether because I think it’s actually easier to understand for people in that space. They say Bitcoin is digital gold, I’ll buy some of that. But with Ether, do I own a piece of what powers a global settlement layer? It’s almost like owning digital commercial real estate. This is a somewhat scarce commercial real estate and you get paid some kind of yield on it from fees or staking or whatever it is to partake in the network.”



Check Latest News Headlines




Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstok/Tithi Luadthong

Submit a Press Release

Crypto Livewire – Press Releases

  • ConsenSys-Backed Virtue Poker Raises $5 Million Strategic Round
    April 12, 2021
  • Cometh Partners With Alchemix for “Wizards” Collection of Yield-Generating NFTs
    April 9, 2021
  • eToro Appoints Dr. Hedva Ber, Israel’s Former Banking Supervisor, As Deputy CEO and Global COO
    April 8, 2021
  • Blockchain Provider Orbs Is Now Accessible Through the AWS Marketplace
    April 8, 2021
  • Taraxa to Integrate a Chainlink Timestamp Oracle for Tracking Informal Transaction Agreements
    April 8, 2021
  • Immutable X Launches Gas-Free Layer-2 Solution Paving the Way to Mainstream NFT Adoption
    April 8, 2021
  • SpiderDAO Announces TestNet Deployment
    April 7, 2021
Submit a Guest Post
ADVERTISEMENT
ADVERTISEMENT
Bitcoin
$60,378.00
$60,378.00
0.2%
Ethereum
$2,162.22
$2,162.22
0.38%
Binance Coin
$559.56
$559.56
0.54%
XRP
$1.45
$1.45
6.9%
Polkadot
$40.31
$40.31
2.27%
Cardano
$1.30
$1.30
0.86%

Spotlight

  • Crypto Traders Should Buy Ethereum Over Bitcoin, According to Billionaire Mark Cuban – Here’s Why
    April 8, 2021
  • Bitcoin Could Shatter $1,000,000 This Year, Says Macro Guru Raoul Pal – Here’s Why
    April 12, 2021
  • Face of Viral 2012 Meme Cashes In on NFT Craze With Huge Ethereum Payout
    April 5, 2021
  • Will Ethereum, XRP and Litecoin Surge Beyond the Stratosphere? Analyst Michaël van de Poppe Updates Crypto Outlook
    April 9, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX

© 2020 The Daily Hodl