Personally I’m HODLing my ETH at least for 5 years and by seeing how strong and fanatic the Ethereum community is, I’m betting that a large portion of other holders are doing the same as well. I don’t want this to be a case of “whataboutism” cause I’m just as frustrated as any other person…
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Prohibiting crypto services was one of three financial measures the European Commission proposed in addition to an import ban on Russian coal.
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The school of thought that Ethereum will one day flip Bitcoin is one that has been around for a while. Although debates around this have subsided following the bull rallies that rocked last year. However, it seems not everyone has forgotten about this. One of those is Galaxy Digital’s trading co-head Jason Urban. The trading veteran shared his thoughts on the crypto market and what he believes will push Ethereum to eventually flip Bitcoin. Ethereum Merge Is The Catalyst In an interview with Kitco News, Galaxy Digital Co-Head of Trading, Jason Urban explained why he believed that Ethereum will end up flipping bitcoin. The major driver identified by Urban was the upcoming ETH Merge. This merge will give Ethereum another edge over bitcoin, both of which still utilize the proof of work mechanism. However, after the merge, Ethereum will move to proof of stake, requiring significantly less energy to carry out transactions. Related Reading | Terra Users Heads Up, Why NEAR May Launch Native Stablecoin With A 20% APR The increased speed and scalability of the network will also give it an edge. Making it a more valuable digital asset. Pointing to the rapid adoption of the digital asset, he told Kitco News that it shows more people are beginning to understand what Ethereum is about. The leading smart contracts platform presents a unique opportunity with its widespread utility, hence, making it a great play for institutional investors. ETH price crumbles to $3,200 | Source: ETHUSD on TradingView.com “There’s scalability and things that now become very valuable and will allow ETH to grow and so smart institutional investors are seeing that,” Urban noted. “They’re not going to create a more ESG compliant crypto and that is driving institutions into such a degree that we may see more institutional money going into Ethereum than Bitcoin because of the whole energy consumption angle.” When Will The Flippening Happen? For highly volatile digital assets like Bitcoin and Ethereum, trying to predict their future value can often be a short in the dark. But Urban has placed a timeframe in which he believes that the market may see ETH flipping BTC. Related Reading | Mike Novogratz Doubles Down On $500,000 Bitcoin Prediction The timeframe he offered shows that the trading co-head does not expect to see the flipping happening anytime soon. However, the timeline for the future is not very wide. Answering the question, Urban said that he sees this taking place “in the next two to three years” which is the “soonest” time that he expects this to happen. “As people become educated in the space and they understand what the value proposition of crypto is they start to understand the power of smart contracts that layer one that so many brilliant minds can build on. Ethereum is the copper, Bitcoin is the digital gold.” Ethereum is trading at $3,250 at the time of this writing. It is currently sitting at less than 10% of the value of bitcoin, although its market cap shows a smaller gap compared to the pioneer cryptocurrency. Featured image from CNBC, chart from TradingView.com
NEAR rallied by over 25% on Friday, as speculation grew that Near Protocol was set to create a rival stablecoin to Terra’s UST. LUNA fell on the news, as Terra labs plans to purchase around $100 million worth of AVAX, in order to strengthen its own reserves. Near Protocol (NEAR) NEAR was the biggest gainer […]
Def am late to this party but have to say: if you're not using Brave Browser already, you should download and give it a go. I have made $10 for just random browsing for the past three months on this browser. Better yet, it’s developed on top of open source Chromium project so it’s basically…
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I’m in a slump. I spent more than a year on an app that helped people build better habits. But it didn’t make any money, so I started working on an app for a big organization. Working there killed my soul. I needed something new. While listening to the Tim Ferriss podcast, I kept hearing…
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Went to login to binance.us just now, and got this message: We updated our Privacy Policy BAM Trading – Biometric In-Product Consent for End-Users Changes to our Terms of Use take effect on April 8, 2022 By agreeing below, you allow BAM Trading Services, Inc. and its related companies and affiliates (“BAM ”, “we”, or…
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All the deals, trends, moves and investments in 2021 across the blockchain landscape are analyzed in the latest research paper by Cointelegraph Research.
