Peter Schiff, CEO of Euro Pacific Capital, who closely follows the crypto money market, is frequently mentioned with his social media posts.
Anti-Bitcoin Schiff, after his criticism of El Salvador’s purchase of Bitcoin recently, argued that Ethereum is a superior store of value than Bitcoin, this time around.
Peter Schiff, in his comment based on Ethereum’s price performance in 2021, stated that the second largest cryptocurrency Ethereum is “Bitcoin 2.0”.
Bitcoin pumpers claim that #Bitcoin is a better store of value than #gold because it’s price has risen more than gold’s price. By that logic #Ethereum is a better store of value than Bitcoin. If Bitcoin is gold 2.0 then Ether is Bitcoin 2.0. Has Ether already disrupted Bitcoin?
— Peter Schiff (@PeterSchiff) December 6, 2021
The famous economist, who is a supporter of gold, also argued that Bitcoin may have already been surpassed by Ethereum. This comment of Schiff was also supported by the Ethereum community.
Bitcoin has increased by approximately 48% this year, while Ethereum has increased by 325%, while gold backed by Peter Schiff has decreased by 6.20%.
After the fall over the weekend, the leading cryptocurrency Bitcoin continues to trade at $ 47,502 and Ethereum at $ 3,959.
*Not investment advice.