Bitcoin's popularity is growing, but not everyone is convinced it's a good investment. Tesla held nearly $2 billion in bitcoin in 2021, while Warren Buffett has repeatedly questioned its value. So should you consider investing in bitcoin? Let’s look at six of its most popular criticisms (which we'll characterize as “bear” arguments) and their counterarguments (appearing below as the “bull” arguments).
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Cardano (ADA) and Chainlink (LINK) may be set for major rebounds this quarter. Analysts highlight bullish on-chain data and strong development activity as key drivers. Cardano’s ecosystem expansion, including DeFi growth and staking demand, supports a recovery narrative. Chainlink continues to lead in decentralized oracle solutions, with new integrations boosting adoption. Meanwhile, Ethereum Layer-2 projects are gaining momentum, with some predicting 50x potential gains for early movers. The combined strength of these projects could fuel a broader altcoin resurgence in Q3. Investors are advised to watch closely, as institutional adoption and technological innovation converge, setting the stage for strong performance.
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Meme coins like DOGE and SHIB often react to social media hype and whale positioning. August data shows accumulation by top wallets, sparking speculative rallies. Celebrity mentions and new exchange features have amplified trading activity. Yet, such rallies tend to be momentum-driven, lacking fundamentals. Traders entering late risk drawdowns when hype fades. For long-term investors, meme coins remain highly speculative. Still, monitoring whale flows can provide early clues about upcoming bursts in activity.
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