Important Crypto Analyst Warns About ‘Polygon Killer’ Aribtrum

It’s been just revealed the fact that an important crypto analyst is warning about Polygon killer Arbitrum. Check out the latest reports about this below.

It’s been revealed the fact that the popular crypto analyst is warning traders to be realistic about the possible future price of the newly launched token for the Ethereum (ETH) scaling solution Arbitrum (ARB).

In a new YouTube video, the anonymous host of InvestAnswers pushes back against the “false hopium” internet chatter about the possibility of ARB skyrocketing to $100.

“If that were to happen, Arbitrum would have a full diluted market cap of $1.3 trillion. It’s never going to be worth that, okay? Just put things in perspective. Be careful what you read and do your numbers on the back of a napkin, don’t just say, ‘Oh, I can buy something for a dollar and sell it for $100.’ No, it’s not going to happen.”

The InvestAnswers said that he’s concerned that Arbitrum is heavily centralized and heavily concentrated in the hands of whales. It’s still source 87.2% of its token circulation left to be unlocked.

According to the latest reports, in a new YouTube update, Wood says that Bitcoin’s decentralized nature and scarce supply will attract capital looking for a superior store of value compared to what has historically been available to them.

“[Bitcoin is] playing the store of value role right now. And, if the global monetary systems right now, shall I say, lose the confidence of people generally, there will be a shift to more crypto from a store of value point of view, certainly.”

She continued and said:

“What will happen then, is the price of Bitcoin – remember there are only two million more to be minted – the price of Bitcoin will go through the roof.”