Brian Shroder, the manager of Binance.US, the US arm of the Binance exchange, talked about the cryptocurrencies he bought in an interview. He also stated that Bitcoin is still on the rise. Here are the manager’s latest comments and investments on the market…
Binance executive buys coin on bearish
Binance.US CEO Brian Shroder is still bullish on Bitcoin, according to a recent interview. As we reported on Kriptokoin.com, Bitcoin has dropped almost 70 percent from its all-time high recorded in November. Shroder, too, recently bought the cryptocurrency during this 70 percent drop. Shroder said he placed buy orders at $29,000 and $19,000. Speaking at the Toronto-based Collision conference, Shroder said he has invested in more than 30 different cryptos. He also used the following expressions:
I continue to buy, I continue my personal investment journey. Frankly, I personally and professionally believe in long-term crypto. The amazing thing about crypto is that each asset is so unique. That’s why you can really ‘go down the rabbit hole’ for different coin and token projects and become passionate believers. The utility, governance structure and token economy of many projects are very different from one another. So there are many different coin and token projects that I think are really interesting.
Shroder focuses on Helium
Shroder said that one crypto project he’s on the rise for is Helium, a blockchain-powered wireless network that rewards users who use the internet of devices to send and receive data to and from the internet and host device access points. Shroder used the following statements:
I really like Helium because it basically builds a network and provides a motivation to make a network stronger through cryptocurrencies. That’s why it encourages people to find dead spots for the Internet of Things and maybe people who need a network connection for your phone in the future. This is great.
The current market capitalization of Helium (HNT) is approximately $1.15 billion. Although it has grown over time and brought a strong benefit, it has not survived the sale of cryptocurrencies that wiped out $2 trillion in value. The cryptocurrency, which reached an all-time high of $ 54.88 in November; currently, it’s about 80 percent below that level. The cryptocurrency is currently changing hands at $10.95. Although the value of HNT has lost 1.5 percent in the last 24 hours, it is on the rise on the weekly and monthly charts. HNT has risen 37 percent in the last 14 days and 52 percent in the last 30 days.
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