Christopher Berniske, a representative of Placeholder VC who invested in Bitcoin, Ethereum and some other cryptocurrencies, noted that it is currently profitable to invest in ETH, since the cryptocurrency has the potential for the same growth that has occurred with BTC over the past 4 years.
In his Twitter blog, investor Berniske talked about the suggestion that Ethereum is currently experiencing its first major bearish trend. Berniske compares this period with the period when the price of BTC –2014-2015 rose. He noted that those players who were negative about BTC, guided by certain doubts of their own, were blinded and, of course, missed the moment to make big profits.
1 / $ ETH is enduring its 1st mainstream bear market, just as $ BTC did in 2014/15.
In retrospect, 2014/15 was the best risk / reward period for investors to get BTC exposure.
Chris Burniske (@cburniske) August 20, 2019
There is an assumption that now Ethereum, so to speak, is in crisis of confidence – the same thing happened with Bitcoin in 2015. Some believe that if the project team fails to solve the issue of network scalability, then ETH is unlikely to achieve the same performance that Bitcoin achieved in 2017.
