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#BTC Barry Silbert, CEO of the cryptocurrency conglomerate Digital Currency Group, said on Wednesday that privacy-focused cryptocurrencies are poised to become the next big investment opportunity in the sector.
Bitcoin is not really 'anonymous' During a conversation with Anthony Pompliano at the Bitcoin Investor Week conference, Silbert stated that his thesis is that between 5% and 10% of Bitcoin's (CRYPTO:BTC) market capitalization would rotate into privacy coins, including Zcash (CRYPTO:ZEC). #BTC
Silbert acknowledged that Bitcoin also started as an 'anonymous' currency, but then 'lost its way' due to the rise of blockchain analytics companies.
#BTC #ETH Despite the downward trend affecting the prices of the main digital assets in the market, the treasury companies Strategy and BitMine reinforced their reserves through the acquisition of bitcoin (BTC) and ether (ETH), Ethereum's cryptocurrency.
The actions of these two corporate giants occur in a context of high volatility, where bitcoin has recorded a 30% drop and ether has decreased by 41% over the last month. These purchases underline a long-term accumulation strategy that ignores the immediate fluctuations in quotes.
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