Founder of Crypto Capital Venture and influential crypto YouTuber Dan Gambardello recently expressed his confidence in Cardano (ADA) via Twitter. He predicted the price of ADA and discussed the important concerns in a video regarding the performance of Cardano.
I say often that $ADA will outperform again in the enxt bull market. Well, here is a specific price prediction for #Cardano
— Dan Gambardello (@cryptorecruitr) July 7, 2023
In this video I explain exactly how and why ADA will outperform #Bitcoin and #Ethereum, again.https://t.co/g1MGsAz5Dk
He predicted that the cryptocurrency would soon outperform other coins while criticizing the positive reactions to BlackRock’s proposed Bitcoin ETF. Gambardello stated on Twitter, “Cardano underperforms in bear markets and outperforms in bull markets.” This particular characteristic of Cardano makes it an attractive option for value investors, according to Gambardello.
Highlighting a Twitter poll by the user WhaleChart, Gambardello drew attention to the growing popularity of ADA. The poll asked the user’s 342,300 followers, “Which community will win – ADA or Bitcoin.” Of the 14,030 respondents, 54.9% favored ADA, while 45.1% chose Bitcoin, signaling a potential shift in investor sentiment towards ADA.
Gambardello also took issue with those who praised BlackRock’s recent filing with the U.S. Securities and Exchange Commission (SEC) to create a Bitcoin ETF. BlackRock, currently managing $9.09 trillion in assets, shocked markets with its announcement, which was quickly followed by similar filings from several other Wall Street giants including Fidelity. These firms, excluding BlackRock, even launched their centralized crypto exchange, EDX.
This series of events contributed to a significant rise in Bitcoin’s value, pushing its price to recover to $31,000. Bitcoin has seen an 83% increase in price since the start of 2023, twice outperforming the Nasdaq Composite Index. The endorsement from BlackRock was praised by Bitcoin advocates on Crypto Twitter, including renowned names such as Anthony Pompliano. These advocates celebrated the increased adoption and interest in Bitcoin from institutional investors.
However, Gambardello criticized these Bitcoin enthusiasts, noting that their praises were focused not on Bitcoin’s “decentralization or freedom from the manipulative thieving banks” but on BlackRock’s significant investment in Bitcoin.
