TechFlow news, May 19 — Hal Press, CEO of hedge fund North Rock Digital, tweeted that he will be holding ETH rather than BTC over the next six months.
According to current data analysis, Tether generates annual revenue of $3.2 billion, with quarterly earnings of 15% amounting to $120 million, sufficient to offset miners' selling pressure for up to 1.5 days per month.
However, over the next six months, approximately $6.7 billion worth of BTC supply is expected to enter the market, including $1.1 billion from government holdings, $2 billion from Gox, and $3.6 billion from miners.
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