Richard Heart Compares Bitcoin’s Long-Term Performance to His Shitcoins Again

Richard Heart, founder of HEX cryptocurrency, recently posted a tweet comparing Bitcoin’s performance to several altcoins, including $PLS, $PLSX, $HEX, and $INC.

Heart began his tweet by addressing Bitcoin, suggesting that those who didn’t sell at the $65,000 mark when he predicted it as the top nearly 1,000 days ago have experienced a relatively modest return.

Heart stated that if someone had invested $20,000 in Bitcoin in 2017 and held it for over 2,000 days, they would have achieved a 2.2x return on their investment. In contrast, he pointed out that the aforementioned altcoins have seen similar or greater gains in just 30 days after the Bitcoin ETF launch.

The tweet also referenced potential ongoing impacts from previous crypto market events involving FTX, Mt. Gox, Bitfinex hackers, and Silk Road on the broader digital asset space.

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In closing, Heart suggested that some may want to consider altcoins based on their swift price appreciation compared to Bitcoin’s more gradual growth over a multi-year timeline. He also mentioned innovations in the wider crypto industry, including free coins and transactions for Ethereum enthusiasts.

The tone of the tweet was primarily one of comparison between asset performances over different time periods. By rewriting it neutrally, we can remove positive or negative judgments and simply restate the key information and data points. This allows the reader to draw their own conclusions.

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Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.