Ethereum will dethrone (or not) bitcoin in the future. This debate has caused a lot of ink to flow recently. For Peter Brandt, an ace in crypto trading, ether does not even represent a strong opponent against the queen of cryptocurrencies. Moreover, ETH will disappear from the radar within a decade. Big plan !
A rather bleak future for Ethereum
Just yesterday, JPMorgan released a report in which its analysts extolled the merits of Ethereum. According to the latter, this 2e largest blockchain in the world will overtake its rival Bitcoin with the help of EIP-4484.
“ Ether $ETH is not not comparable to $BTC as a store of value. Why buy ETH when you can buy BTC? Additionally, the functionality and gas price of ETH make this crypto a junk item. I predict ETH may not even be a listed asset in 10 years. »
Peter Brandt, described as “ legendary trader and investor ” by U°Today, is not a fan of Ethereum. Hence his unflattering prediction regarding the future of this 2e most important cryptocurrency in terms of market valuation.
For Brandt, the life expectancy of ETH seems very short: only 10 years to survive. The problem lies in some of Ethereum’s features and the network’s astronomical gas fees. This could only cause its downfall in the long term, predicts the bitcoiner.
Thus, he did not mince his words by treating ETH asdigital asset devoid of utility, of “ piece of junk “.
With this presentation, Peter Brandt enters the more or less closed circle of anti-Ethereum people like Raoul Paul. This analyst recently qualified Cryptosphere Android Ethereum. In R. Paul’s eyes, Solana remains the best blockchain, the industry’s iOS.
However, it should be noted that many experts on the other side of the bank are counting on a better future for Ethereum. The fact that this network powers several of the most innovative layer 2 protocols (Polygon zkEVM, Optimism, Abritrum, etc.) guarantees it a very important place in the future of Web3.
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