Legendary trader and investor Peter Brandt has once again shown that he is not a fan of the leading altcoin Ethereum. Brandt revealed a mind-blowing prediction about the future of crypto. Bitcoin oracle claimed Ethereum is not a valid store of value compared to Bitcoin.
Bitcoin myth: This altcoin will not survive for long!
cryptokoin.comAs you follow from , the view that Bitcoin is a store of value has begun to gain acceptance. However, there are weak voices in this direction for altcoins. These are not very respected either. Peter Brandt, who knows Bitcoin every step of the way, does not foresee the leading altcoin Ethereum surviving as a listed cryptocurrency in the next 10 years. That’s a pretty bleak projection for what’s currently the second-largest cryptocurrency after Bitcoin.
Peter Brandt’s ten-year prediction for Ethereum is a notable concern. However, its different position stems from the belief that cryptocurrency is not a valuable store of value. Peter Brandt says ETH is not a comparable store of value when placed side by side with Bitcoin. He also admits that he doesn’t understand why investors often choose to HODL.
Ethereum (ETH) cannot be compared to BTC as a store of value. Why HODL ETH when you can HODL BTC? ETH’s functionality and gas price make crypto a piece of junk. My guess is that ETH may not even be a publicly traded asset in 10 years.
According to Peter Brandt, Ethereum’s poor functionality and skyrocketing gas fees could eventually be its demise in the long run. Brandt boldly calls this altcoin project a “piece of junk” due to ETH being relatively unusable. At the time of this writing, Ethereum was trading at $2,256, losing 1.67% in the last 24 hours. ETH has seen a decline of more than 4.3% in the last seven-day period.
Ethereum is on the radar of most experts
On the other hand, not everyone in the market thinks like Peter Brandt. According to many experts, Ethereum is pioneering a different direction of the industry. This makes it a subject of comparison for those in the field. In addition to the gloom shared by Peter Brandt, Raoul Pal also joined the discussion recently. The top analyst calls leading altcoin Ethereum the Android of the crypto ecosystem, while Solana is the iOS of the industry.
Unlike Brandt, many experts predict a brighter future for Ethereum. Especially since Polygon currently powers some of the most innovative layer-2 protocols in the industry, such as zkEVM, Arbitrum (ARB), and Optimism (OP).
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