Veteran Trader Peter Brandt Says 99.8% Of Altcoins Will Meet Similar Fate To Internet Marketer Richard Heart's HEX
Portfolio Pulse from Mehab Qureshi
Veteran trader Peter Brandt predicts that 99.8% of altcoins will become worthless, similar to the fate of HEX coin. This follows a lawsuit by the SEC against Richard Schueler, alias Richard Heart, who is associated with HEX, PulseChain, and PulseX. The SEC alleges that Schueler conducted three unregistered securities offerings since 2019, raising over $1 billion. Schueler is accused of defrauding investors by misusing their funds for personal gain.
August 07, 2023 | 11:59 am
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NEUTRAL IMPACT
The news of the SEC lawsuit against Richard Schueler, who claimed that HEX was designed to outperform Bitcoin, could potentially impact Bitcoin's reputation and price.
While the lawsuit is primarily against Richard Schueler and his associated projects, it indirectly involves Bitcoin as Schueler claimed that HEX was designed to outperform Bitcoin. This could potentially affect Bitcoin's reputation and price, although the impact is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The news of the SEC lawsuit against Richard Schueler, who claimed that HEX was designed to outperform Ethereum, could potentially impact Ethereum's reputation and price.
While the lawsuit is primarily against Richard Schueler and his associated projects, it indirectly involves Ethereum as Schueler claimed that HEX was designed to outperform Ethereum. This could potentially affect Ethereum's reputation and price, although the impact is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50