# Druckenmiller: Ethereum is ‘MySpace before Facebook’ while Bitcoin won as ‘Google’

# Druckenmiller: Ethereum is ‘MySpace before Facebook’ while Bitcoin won as ‘Google’

“# Druckenmiller: Ethereum is ‘MySpace before Facebook’ while Bitcoin won as ‘Google’ ” Bitcoin (BTC) is at risk of a “flippening” from Ethereum (ETH), mainstream media claims as some familiar “FUD” returns to the spotlight. As BTC/USD continues to flag below $40,000, an old argument has resurfaced — but major investors are fighting back. Bloomberg:…

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# 2 Bitcoin price indicators suggest BTC has not bottomed yet

# 2 Bitcoin price indicators suggest BTC has not bottomed yet

“# 2 Bitcoin price indicators suggest BTC has not bottomed yet ” Traders are using various strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious. Has Bitcoin price bottomed yet? According to @noshitcoins, derivatives and on-chain data signal that further downside could be in…

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