Avalanche CEO Emin Gün Sirer Talks About AVAX, Bitcoin, and Ethereum! "No One Understands!"

Important statements have been made about Avalanche (AVAX), which is among the altcoins closely followed by Turkish investors.

Avalanche founder Emin Gün Sirer stated that AVAX is similar to Bitcoin (BTC) and listed their similarities.

Emin Gun Sirer, in his X post, emphasized a critical aspect of Avalanche, highlighting its similarity to Bitcoin's 21 million supply.

At this point, the famous CEO pointed out that AVAX has a supply of 715.74 million, saying that this aspect resembles BTC.

Sirer, implying that the limited supply feature is the cornerstone of Bitcoin's value, argued that this attracts long-term investors and increases confidence in its deflationary nature.

The famous CEO who mentioned that AVAX has the same feature, stated that the limited supply of AVAX and the burning deflation mechanism of transaction fees make a difference, and compared it to Ethereum (ETH).

Sirer stated that Avalanche is similar to Bitcoin in these aspects but different from Ethereum, and expressed that nobody understands this similarity and difference.

"Not enough people understand that AVAX has a limited supply like Bitcoin and that they are similar, but different from Ethereum."

Emin Gün Sirer emphasized the similarity of AVAX to Bitcoin, which also increased speculation about a possible AVAX price increase. At this point, experts said that AVAX's current price indicates a rising momentum. Experts pointed out that $34.71 is an important support level for AVAX, and expressed that the AVAX price could reach $64 and $79 in the short term.

Avalanche continues to trade at $38.4 during the writing.