Three Arrows Capital CEO Tells Crypto Newbie Not To Buy Cardano Here’s Why

By Daily Hodl Staffabout 1 month ago

Three Arrows Capital chief Su Zhu is advising crypto newbies to stay away from smart contract platform Cardano (ADA).

In a discussion on UpOnly, Su says that when his neighbor asked him about investing in Cardano, he told him to keep his distance and look elsewhere in light of the coin’s recent parabolic rise.

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The hedge fund manager is far more focused on the emerging decentralized finance (DeFi) sector of the crypto crypto market. He foresees a wild ride of volatility in altcoins this bull cycle that will see many retail traders making initial investments in high market cap assets.

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