Block.one CEO Brendan Blumer says the current global macro environment has aligned to support the value proposition for cryptocurrency.
Blumer, who operates the company behind EOS, said the stars have aligned to “highlight” the value of cryptocurrency in light of the ongoing shifts in the global economy. In a tweet published April 6, he told investors to “hold on to your seats” in preparation for the coming 24 months.
The global macro environment has never before aligned the stars to highlight the value proposition of #crypto quite like what we’re about to see in the next 24 months. Hold on to your seats. @RaoulGMI @novogratz @APompliano
— Brendan Blumer (@BrendanBlumer) April 6, 2020
Blumer responded to a tweet suggesting that bitcoin and altcoin prices could retest their mid-March lows as the economy and unemployment worsens in the coming weeks. The Block.one CEO said investors heavy on cash would be anxious to find the “least unattractive” opportunity.
It’s not an impossibility but I think you underestimate how many people have moved into cash and are now scared they’re going to get stuck with it. Right now it’s not about what investment is the most attractive, it’s about what is the least unattractive.
— Brendan Blumer (@BrendanBlumer) April 7, 2020
Former Goldman Sachs sales lead and market analyst Raoul Pal agreed with Blumer’s take on the future of cryptocurrency. In a recent interview, Pal predicted a “generational” changing economic crisis on the horizon and said he was allocating 25 percent of his portfolio into bitcoin for the next twelve months.
— Raoul Pal (@RaoulGMI) April 7, 2020
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