Roger Ver, a leading crypto analyst is popular in the crypto community as “Bitcoin Jesus.” The analyst recently returned to social media after a break and shared his thoughts on Dogecoin.
Ver argues that if regular people use custodial wallets, Bitcoin will have lost the one key property, privacy, that made it revolutionary.
This would imply Dogecoin offers its users and holders higher utility, decentralization and ease of use, compared to most other cryptocurrencies, making it a superior choice.
Most centralized exchanges and custodial wallets require verification of the user’s identity, violating the principle that differentiates Bitcoin from other cryptocurrencies.
@AltcoinSherpa, a crypto analyst and trader believes Dogecoin price rally is not sustainable.
IMO the dog coin usually goes strongly when retail starts to pile in, marking close to the end of a cycle.
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Bitcoin price has prematurely triggered a minor run-up, leaving its downside objective unfulfilled.
Investors can expect BTC to slide lower and collect liquidity below a significant level before triggering a full-blown impulse move.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
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