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Crypto trader and influencer Lark Davis says he’s bullish on Bitcoin, Ethereum, and another large-cap altcoin.
In a new video, Davis says that despite Bitcoin being at 50% of its all-time high of $ 64,804, his outlook on the flagship digital asset has not faltered, and he remains bullish on the crypto king.
“… My thesis on Bitcoin has not changed. I still believe Bitcoin is 2.0 gold, a hedge against inflation, a fantastic and rare asset. I still think Bitcoin is going to be worth hundreds of thousands of dollars a coin at some point. “
The trader explains why he continues to be bullish on smart contract leader Ethereum, mentioning the utilities and fundamentals of the second largest crypto by market cap. According to Davis, there are reasons to remain bullish on ETH.
“There are so many catalysts: moving to proof of stake (PoS), [ETH] 2.0, [decentralized finance], [non-fungible tokens], EIP-1559, and a lot more – the development manager and all that. I’m super, super bullish on Ethereum.
Davis names a large cap altcoin as another crypto he remains bullish on despite the less than ideal state of the markets. According to the analyst, Polkadot (DOT) has a few key bullish fundamentals that work in its favor, including its canary network, Kusama (KSM), which will be running parachain auctions as well as its own auctions.
“I am still very optimistic about the future of Polkadot. Now that we see the Kusama parachains launching, and in fact it’s super bullish, bBecause if you look at what happened to Kusama – and now I think over 10% of Kusama’s total supply is tied to these parachain auctions – which I think is very optimistic for them. next auction of parachaines Polkdadot.
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Featured Image: Shutterstock / Tithi Luadthong
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