Cook responded to Armstrong's remarks, stating that the prices of Bitcoin and Ethereum have reached levels that limit mainstream investors' participation.
He pointed out that given the trading price of Bitcoin is around 115,000 dollars and the trading price of Ethereum is around 4,230 dollars, the cost of holding these two assets has now exceeded the affordability of most people. He added that this is also one of the reasons why EasyA is shifting its focus to alternative cryptocurrencies.
He explained that new investors typically consider the number of coins they can own, rather than just the percentage appreciation they might achieve. #ETHOn-ChainActivityRises
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Bitcoin and Ethereum are now out of reach.
Cook responded to Armstrong's remarks, stating that the prices of Bitcoin and Ethereum have reached levels that limit mainstream investors' participation.
He pointed out that given the trading price of Bitcoin is around 115,000 dollars and the trading price of Ethereum is around 4,230 dollars, the cost of holding these two assets has now exceeded the affordability of most people. He added that this is also one of the reasons why EasyA is shifting its focus to alternative cryptocurrencies.
He explained that new investors typically consider the number of coins they can own, rather than just the percentage appreciation they might achieve. #ETHOn-ChainActivityRises