The company is estimated to have $30 million in assets under management. It shorted Ethereum in May when it was trading at around $700, which Sunnarborg admits was the firm\u2019s biggest win for 2018.<\/p>\n When asked where the bottom is for Ether he replied that fundamentals do not have that much impact because the assets trade so much relative to each other. Basically, Ethereum will follow what Bitcoin does, a pattern which we have all seen play out over the past couple of years.<\/p>\n He added that the ConsenSys downsizing<\/a> news was bad for ETH as it is an integral piece of the Ethereum ecosystem. \u201cThere\u2019s this massive disconnect between how much money is still tied up in these projects and how much people actually use them,\u201d he added.<\/p>\n Ethereum dApps have had minimal uptake and rival platforms EOS<\/a> and Tron are now getting the lion\u2019s share of users. This will cause developers to jump ship to other platforms which would cause a \u2018drop in momentum and steam\u2019.<\/p>\n When asked the crucial question on whether Bitcoin has bottomed yet Sunnarborg replied;<\/p>\n \u201cI don\u2019t think so, and I think calling that is very difficult. That\u2019s part of the reason I\u2019m really thankful that we\u2019re in the position we are right now. We can hedge ourselves, remain more neutral and not have to call that exact price or timing bottom. I\u2019m not confident right now.\u201d<\/p><\/blockquote>\n The interviewer asked about what the firm was bullish and supportive of. Aside from being a Bitcoin proponent, he added that Mimblewimble<\/a> and Grin are interesting along with Zcash and Monero.<\/p>\n Obviously, not a fan of EOS and alluding to its centralization he added; \u201cThe one-year long, $4 billion-dollar ICO seems a little excessive to me. The whole governance system, with 21 block producers that can essentially make, vote, or deny everything, is a weird concept to me.\u201d<\/p>\n Back to the bottoms, he said that bad news is needed to cause the landslide and this is likely to come from the US SEC. Once all the bad actors and dodgy ICOs<\/a> get washed out, the volume and price manipulation is quashed, and a few big name products get launched then the only way is up.<\/p>\n Noted crypto analysts are also of the opinion that this rally won\u2019t last.<\/p>\n This is a suckers rally which will lead to more downside $btc<\/a><\/p>\n — filbfilb (@filbfilb) February 20, 2019<\/a><\/p><\/blockquote>\n![\"\"](\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/02\/totalcap-6m.jpg?resize=1139%2C402\")
<\/a>Not Confident on Bitcoin Yet<\/h2>\n
\n