Ethereum News: Renowned analyst Kevin O’Leary has great respect for both Bitcoin and Ethereum. He thinks both are remarkable developments in the financial world. However, ETH has no belief that it can surpass BTC.
“Ethereum will never surpass Bitcoin”
In a recent interview, O’Leary commented that no matter how popular Ethereum is or how big and powerful it is, it will always be “number two” after Bitcoin. Currently, ETH is the second largest cryptocurrency in the world in terms of market cap, and O’Leary is confident it will always stay that way.
O’Leary says the following on the subject:
I just believe it is so. Bitcoin will always be “gold”. Ethereum will always be “silver” and this is not necessarily a bad thing.
Bitcoin, the first digital currency that made its debut in the financial field about 12 years ago, is now finding buyers at $ 56,000. The asset was traded at around $ 64,000 about two weeks ago. Many believe that BTC will lead the cryptocurrency to become mainstream in the coming years.
Ethereum, on the contrary, is a very popular network as it has smart contract capabilities. Many developers are trying to use it to generate new currencies and decentralized applications (dapps). But it’s not as big as Bitcoin. Currently, one ETH is trading at about $ 2,700 – $ 50,000 cheaper than BTC.
“Bitcoin has to be greener”
O’Leary says he has moved about three percent of his portfolio to Bitcoin. While he owns Ethereum and a few other altcoins, he believes BTC will have the most impact on the financiers.
Hitting new heights almost every week, Bitcoin is now proving that benefits are being brought in from all sorts of institutions trying to figure it out: Is it a currency? Is it an asset? Is it property? This gives us an idea of corporate and individual interest.
The famous crypto person thinks that Ethereum will eventually become a form of payment, while Bitcoin will be something that investors will continue to speculate, buy, and get rich on. However, he did not neglect to praise ETH, claiming that it has the potential to become much more “green” in the future. Because this was an issue that was really important to him lately.
O’Leary said that if Bitcoin mining is to stay effective, it needs to become environmentally cleaner. He even stated that, thanks to the country’s over-dependence on fossil fuels and coal, it will no longer buy BTC mined in China. It even compares all BTCs issued in China to “blood money”.