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August 19, 2021 08:31 UTC
| Update:
August 19, 2021 08:31 UTC
Nigel Green is very optimistic about ETH, saying that its value can surpass Bitcoin in 5 years.
The CEO and founder of deVere Group, one of the world’s largest free currency consulting organizations, stated that the appreciation of Ethereum should still surpass Bitcoin in 2021.
DeVere Group CEO Nigel Green agrees that the value of Ethereum can surpass Bitcoin in just a few years.
“Ethereum has outperformed Bitcoin, and this trend is expected to continue for the rest of 2021,” he said.
So far this year, Ethereum has risen by 300%, while in contrast, the world’s most popular digital quality has risen by 55%. “In fact, it performed better than all alternative benchmark assets in the first half of this year,” the lack of experience in each town AM.
The respected analyst attributed two key factors to Ethereum’s outstanding performance in 2021. Ethereum has a higher level of practical use potential, and is the most in-demand smart contract development platform, “hence the emphasis on the value of the network not only as a platform for developers of global financial utilities,”
Secondly, Green commented that capitalism’s enthusiasm for the “game changing” transition to ETH 2.0 is not only a serious push for Ethereum, except for the blockchain technology itself.
“Ultimately, this will mean that it will be worth more than Bitcoin-most likely within 5 years,”
The company’s government is not pessimistic about Bitcoin, but it is still convinced that Bitcoin can reach or exceed its unparalleled high of $65,000 in mid-April by the end of 2021. But he terminated this:
“Ethereum’s rise to the highest point in the crypto world looks unstoppable.”
In early June, deVere launched a fixed-income bond tracking Bitcoin and Ethereum futures on the Chicago Mercantile Exchange.
According to the British cryptocurrency exchange CoinJar, Ethereum has undergone radical changes from Bitcoin in almost all important indicators. In a journal article on August 18, the exchange stated that Ethereum has surpassed Bitcoin in multiple areas, including transaction volume, total transaction volume, daily active wallets, transaction fees, and mining revenue.
According to Coinbase’s second quarter report, Ethereum’s transaction volume surpassed Bitcoin for the first time in its nine-year history.
ETH transactions created 26% of total transaction volume in the second quarter, up from 21% in the previous three months, and better than Bitcoin’s 24%.
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