23/08/19 11:00 UTC-4

Founder of Autonomous Partners fund: Altcoin season may come

CryptocurrencyAutonomous Partners founder says
Autonomous Partners founder says "altseason" may come

The CEO and founder of Autonomous Partners Investment Fund, Arianna Simpson, said that the AltcoinAltcoin
– are the common name for all cryptocurrencies (except Bitcoin).Details
season may be coming and that Bitcoin’s dominance is a temporary phenomenon.


Altcoin season: forecast

Arianna Simpson, the CEO and founder of Autonomous Partners Investment Fund, has made suggestions regarding the dominance of the main cryptocurrency on her Twitter. Bitcoin's dominance in the cryptocurrency market is a temporary phenomenon, according to her report.

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Simpson also emphasized that the digital money sector has always been cyclical. Soon, altcoins will dominate in terms of capitalization level. She also stressed that in the first half of 2019, Bitcoin certainly produced higher profits for its investors than altcoins, but "it's unreasonable to believe that it will always be like that."

"So in sum, I believe claims that "alts are dead" and bitcoin alone will make it are nonsensical," – Arianna Simpson, Twitter.

A few days ago, the youngest Bitcoin millionaire in the history of cryptocurrency, Erik Finman, announced the launch of his own decentralized blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
platform, which may be a direct competitor to Facebook’s cryptocurrency project.


Editor: Yuliya Soroka

See also: "Out: Libra founders are preparing an "escape" from the project"

#AriannaSimpson #altcoins #AutonomousPartners #altcoinsrate #Bitcoin #cryptocurrencymarket



23/08/19 22:00 UTC-4

Out: Libra founders are preparing an "escape" from the project

​The Libra Association (the organization that should develop Facebook’s cryptocurrency) has 28 members. They include such giants as Visa and Uber. Now at least 3 members are trying to get out of the project because of criticism from regulators.