Dan Gambardello, the creator of Crypto Capital Venture and a prominent cryptocurrency YouTuber, recently shared on Twitter why he still believes in ADA and its promising future, anticipating that it will eventually start to outperform the rest of the crypto market.
Additionally, he criticised people who applauded BlackRock’s submission to the SEC to launch their own Bitcoin ETF.
“The recipe that excites me about ADA”
According to a tweet from Dan Gambardello, “Cardano underperforms in bear markets and outperforms in bull markets.” He describes this as a recipe for ADA that has “perfect ingredients for any value investor.”
The fundamentals of ADA and the next DeFi season, which according to Gambardello, will begin shortly, are further reasons to be optimistic about its impending market victory.
“Cardano vs. Bitcoin”; ADA is winning this poll
Gambardello also called attention to the Twitter poll that @WhaleChart user, who has 342,300 followers, had created that included ADA and Bitcoin.
Aside from “which community will win – ADA or Bitcoin,” the poll’s only apparent topic is “which community will win.” 54.9% of the 14,030 participants picked ADA, while 45.1% opted for Bitcoin.
Gambardello slams those hyping BlackRock ETF filing
Additionally, the cryptocurrency YouTuber tweeted a criticism of individuals who have been applauding and promoting “the world’s largest asset firm” (BlackRock) and its support for the leading cryptocurrency, Bitcoin.
BlackRock, which manages $9.09 trillion in assets, sent a shockwave through the markets a few weeks ago when it filed with the U.S. Securities and Exchange Commission to launch its own Bitcoin spot exchange-traded fund (ETF).
Several other significant Wall Street firms, including Fidelity, who also desired to construct their own BTC spot ETFs, immediately followed BlackRock’s submission. These Wall Street behemoths even launched their own centralised cryptocurrency exchange, EDX (BlackRock is not mentioned here). Both of these elements drove the price of Bitcoin sharply upward, enabling it to reclaim the $31,000 mark. Overall, Bitcoin’s price has climbed by 83% since the beginning of 2023, outpacing the Nasdaq Composite Index by two times.
cryptocurrency users Twitter immediately started praising BlackRock for promoting Bitcoin and its increased level of acceptance and interest from institutional investors, including well-known users like Anthony Pompliano.
The fact that these BTC proponents are hailing BTC for its “decentralisation or freedom from the manipulative thieving banks” rather than the fact that BlackRock is now holding a sizable Bitcoin bag has drawn criticism from Gambardello.
Although he frequently discusses BTC and ADA in his videos and tweets and bets on both of these cryptocurrencies, it must be noted that he is not a critic of Bitcoin.
