EOS has largely under performed during this crypto rally and has dropped out of the top ten by market cap, but ane industry executive believes it could be one of the best hazard/reward digital assets right now.

Chartered Financial Analyst and Arca CIO Jeff Dorman made the assertion based upon Block.one'due south extensive Bitcoin holdings.

Earlier delving into that, Dorman observed that EOS is the only major crypto asset apart from XRP that has not made meaning gains during this rally. Over the by twelve months, EOS prices accept declined by 26%, with losses recently accelerating due to the resignation of co-founder and CTO of Cake.one Dan Larimer.

Just with enough of "zombie projects" upward 300% to 1,000%, he believes EOS provides a adept risk/reward opportunity.

Block.one owns 140,000 BTC worthh an estimated $5.5 billion at electric current prices co-ordinate to data compiled by a financial comparison platform Bankr.nl. The CFA compared the marketplace capitalization of EOS with that of its Bitcoin holdings;

"At $2.77, the market cap of $EOS is $ii.half-dozen bn, which is simply 47% of the value of their BTC holdings. That means by buying $EOS, you are actually ownership $BTC at $18,771. Huge disbelieve."

Dorman stated that generating a Return On Investment, or ROI, from Volume Value is essentially taking a gamble on what management volition exercise with that capital letter. Block.one squad has done very little to instill conviction, he added.

But Dorman suggested that at this point, EOSIO and Block.one CEO Brendan Blumer demand to create value for token holders as presently every bit possible, or return the upper-case letter, or expect huge lawsuits.

He concluded that any one of these three options will unlock this value and close the gap between EOS' market cap and the value of the Bitcoin on Block.1's balance sheet, which currently stands at $1.five billion more the company raised in its May 2018 ICO.

Not all were in agreement with the CFA with one respondent pointing out that buying EOS is not the same as ownership BTC:

"To be clear, you are NOT ownership Bitcoin past buying EOS. Cake One does ain ten% of the EOS token supply. They update the eosio code. Merely EOS is a public blockchain. And B1 does not reward EOS token holders with their Bitcoin holdings."

The enormous amount of Bitcoin on the Block.1 books may lend weight to outspoken crypto podcaster Peter McCormack's annotate:

"EOS was nothing more than a Bitcoin heist."

At the time of writing, EOS was trading at $ii.80, flat on the day and down almost 13% over the by week.