{"id":463310,"date":"2022-06-15T13:15:28","date_gmt":"2022-06-15T10:15:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-is-the-amazon-of-crypto-and-everything-else-are-bets-says-blocktower-founder\/"},"modified":"2022-06-15T13:15:28","modified_gmt":"2022-06-15T10:15:28","slug":"bitcoin-is-the-amazon-of-crypto-and-everything-else-are-bets-says-blocktower-founder","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-is-the-amazon-of-crypto-and-everything-else-are-bets-says-blocktower-founder\/","title":{"rendered":"# Bitcoin is the \u2018Amazon of crypto\u2019 and everything else are bets, says Blocktower founder"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2570d4dd382\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2570d4dd382\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-is-the-amazon-of-crypto-and-everything-else-are-bets-says-blocktower-founder\/#%E2%80%9D_Bitcoin_is_the_%E2%80%98Amazon_of_crypto_and_everything_else_are_bets_says_Blocktower_founder_%E2%80%9C\" >&#8221; Bitcoin is the \u2018Amazon of crypto\u2019 and everything else are bets, says Blocktower founder &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_is_the_%E2%80%98Amazon_of_crypto_and_everything_else_are_bets_says_Blocktower_founder_%E2%80%9C\"><\/span>&#8221; Bitcoin is the \u2018Amazon of crypto\u2019 and everything else are bets, says Blocktower founder &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvMTM2ZDA3NmUtNzI1YS00NzQ2LTg2YzAtZTA1NTM1ZTA0NTE1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Ari Paul, founder of blockchain investment firm Blocktower Capital, weighed in on the bear market, comparing the situation to the tech crash back in the year 2000. Paul likens Bitcoin (BTC) to Amazon, which is one of the companies that survived the market collapse.\u00a0<\/p>\n<p>In a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> thread, Paul <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AriDavidPaul\/status\/1536764452040843267\">noted<\/a> that while there are \u201cmodest\u201d products in the crypto market, many improvements must be done in order to reach the mainstream. Paul also argues that adoption is \u201c5 years behind\u201d from what many hoped.<\/p>\n<p>The executive also highlighted network outages in Solana, delays in scaling Ethereum\u00a0and Bitcoin\u2019s security and future upgrades are overlooked during bull runs but \u201cfeels very different\u201d during a bear market, arguing that optimism wouldn\u2019t cut it anymore in this situation. <\/p>\n<p>Following these, Paul compared today\u2019s crypto market to Nasdaq\u2019s market in 2000, saying that most cryptos are risky and early stage. However, the Blocktower founder highlighted that there will be something like \u201cAmazon\u201d that will survive the crash. He believes that it could be Bitcoin. <\/p>\n<p>According to Paul, Bitcoin has \u201cfar better odds\u201d than other cryptocurrencies because it doesn\u2019t have a competitor as a product, and in terms of its <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. He tweeted that: <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">11\/ what about bitcoin?  Bitcoin is \u201cseparate\u201d only because it\u2019s the only crypto asset not competing on tech or product.  It\u2019s competing primarily on security\/stability.  So I\u2019ve always thought that if bitcoin fails, it probably won\u2019t be because it\u2019s replaced by something better,<\/p>\n<p>\u2014 Ari Paul \u26d3\ufe0f (@AriDavidPaul) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AriDavidPaul\/status\/1536764461779927041?ref_src=twsrc%5Etfw\">June 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nDespite sounding bearish, Paul clarified that he is \u201cmore bullish\u201d on crypto now compared with almost a year ago. He just wants to warn people to be careful of what they buy during the current market downturn.\u00a0<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Is the bottom in? Raoul Pal, Scaramucci load up, Novogratz and Hayes weigh in<\/em><\/strong><\/p>\n<p>The effects of the bear market have had a massive effect on the livelihood of a number of workers in the crypto industry. Crypto exchange Coinbase recently announced that it will lay off 18% of its employees because of the decline in revenue and the bear market. <\/p>\n<p>Meanwhile, some community members have given insights and plans for traders on what to do to survive the crypto winter. From figuring out their risk tolerance and dollar-cost averaging to finding new projects with potential, community members try to encourage others to keep on moving despite the cold crypto winter.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-is-the-amazon-of-crypto-and-everything-else-are-bets-says-blocktower-founder\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin is the \u2018Amazon of crypto\u2019 and everything else are bets, says Blocktower founder &#8220; Ari Paul, founder of blockchain investment firm Blocktower Capital, weighed in on the bear market, comparing the situation to the tech crash back in the year 2000. Paul likens Bitcoin (BTC) to Amazon, which is one of the companies&#8230;<\/p>\n","protected":false},"author":1,"featured_media":463311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvMTM2ZDA3NmUtNzI1YS00NzQ2LTg2YzAtZTA1NTM1ZTA0NTE1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,92498,74355,2758,72332],"class_list":["post-463310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-solana","tag-adoption","tag-amazon","tag-nasdaq"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=463310"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/463311"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=463310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=463310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=463310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}