- Block. one asset reach 140000 BTC
- Mixed up opinions rise due to the poor performance of the EOS market
- CFA Jeff Dorman points out that the situation of EOS does not change until it takes active plans focusing on the reach with its customers
Bitcoin reserves of 140000 were said to be held by the company Block. One. When estimated with the present market value of Bitcoin, these assets sum up being twice the market cap of EOS. So, there have been many opinions on investment in EOS. Mixed opinions were received in the market on the point of purchasing EOS.
EOS’ POOR PERFORMANCE
The crypto firm has been next to XRP in the list of companies performing very poorly in the trade market. Its value has gone down by 26% and still seems to be deteriorating.
Due to this, it has lost its position amongst the top 10 crypto platforms.
Its current price is observed at $2.67.
OPINIONS ON INVESTMENT
One of the investors addressing this particular topic suggested that investing in EOS would be a DO or DIE situation because it is a Block’s asset. Could either spring up the market cap value or degrade them much more.
Chief Financial Analyst Jeff Dorman’s view
According to Dorman, the extensive Bitcoin holdings by Bloc.one would pose a threat to the investors, and filing of lawsuits on the company would take place due to the firm’s lack of confidence in the firm’s investors. Many investors also exclaimed that the price that Bitcoin would be available is much less than half its original price. But Dorman also pointed out that any of the situations framed by him would spring up, erasing the assets’ difference and the company’s market cap.
Many Podcasters have also come up saying that EOS was nothing but a bitcoin heist.
Even when EOS has been tracking so low, there are opinions of it being a reward/risk opportunity.
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