The founder of Onchain Capital, and host of CNBC Africa’s ‘Crypto Trader’ show, Ran Neu-Ner in a recent interview with CNBC’s Fast Money, participated in their “HODL or FODL?” game on their channel where he was asked the outlook for several top-leading cryptocurrencies in the market.
Mr. Neu-Ner described Bitcoin Cash and Ethereum as markets that he intends to ‘HODL’, adding that right now, he is passing on BTC in favor of more “exciting” virtual currency markets.
With regards to Bitcoin [BTC], Mr Neu-Ner stated that:
“I like bitcoin a lot, but I’m going to FODL.”
Neu-Ner may be FODL-ing Bitcoin, but he also strongly believes that Bitcoin’s price will go up, it’s currently low and it’s a slow and stable process. He focused on the more exciting cryptocurrencies out in the market and he will put his money in something more exciting. He plans to HODL Bitcoin cash as he thinks that there is a potential and since the team consists of old Bitcoin members, he prefers them.
“I think there’s a lot of potential for Bitcoin Cash, I like the team, that are driving. it’s all the old bitcoin people. I love both Bitcoin Cash [BCH] and Bitcoin [BTC] equally, but if you ask me where I put my money right now, Bitcoin Cash has more potential.”
Neuner also has optimistic remarks for Ethereum. While other companies with greater scalability potential, Neuner attributes large part of the Ethereum’s value coming from its developer community, noting that it’s “the biggest community in the industry [with] thousands of people… the smartest people in the room [and] they’re solving their scalability issues.”
He also talked talked about the large brain drain taking place from the United States to more crypto friendly nations like Singapore, Japan and Malta. Talented individuals engaged in the crypto sphere are flying off to these destinations. Neu-Ner pointed that he had also been traveling widely to these crypto friendly regions. He is talking with the regulators and policymakers in these countries. According to him, United States is falling severely behind.
He said that the SEC’s approach was responsible one given the nature of the crypto assets but now we all know crypto is real and blockchain is the technology of the future. These two are not going anywhere. He said,
“I think the initiative by the SEC was a great one, but I think the joke is on the SEC now because they need to come up with regulation now, if they don’t come up with regulation, they may stifle an entire industry,”
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