Home Crypto Crypto Trader Lark Davis Says He’s Bullish on Bitcoin, Ethereum and One...

Crypto Trader Lark Davis Says He’s Bullish on Bitcoin, Ethereum and One Large-Cap Altcoin

Crypto dealer and influencer Lark Davis says he’s bullish on Bitcoin, Ethereum and another large-cap altcoin.

In a brand new video, Davis says that regardless of Bitcoin being 50% away from its all-time excessive of $64,804, his outlook on the flagship digital asset hasn’t faltered, and he stays bullish on the king crypto.

“…my thesis on Bitcoin has not modified. I nonetheless imagine Bitcoin is gold 2.0, inflation hedge, implausible, scarce asset. I nonetheless assume that Bitcoin goes to be price a whole lot of 1000’s of {dollars} a coin sooner or later.”

The dealer outlines why he continues to be optimistic about smart-contract chief Ethereum, mentioning the utilities and fundamentals of the second-largest crypto by market cap. According to Davis, there are causes to stay bullish on ETH.

“There are so many catalysts: shifting to proof-of-stake (PoS), [ETH] 2.0, [decentralized finance], [non-fungible tokens], EIP-1559, and a lot, rather more – the developer lead and all these things. I’m tremendous, super-bullish on Ethereum.”

Davis names one large-cap altcoin as one other crypto he stays bullish on regardless of the less-than-ideal state of the markets. According to the analyst, Polkadot (DOT) has a couple of key bullish fundamentals working in its favor, together with its canary community, Kusama (KSM), which can launch parachain auctions in addition to its personal auctions.

“I’m nonetheless very bullish on the way forward for Polkadot. Now that we’re seeing Kusama parachains really launching, and really it’s super-bullish, because if you happen to have a look at what’s occurred for Kusama – and now I feel greater than 10% of the overall provide of Kusama is bonded into these parachain auctions – which, to my thoughts, may be very bullish for the approaching Polkdadot parachain auctions.”

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Featured Image: Shutterstock/Tithi Luadthong

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