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December 5, 2022
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Ethereum will surpass Bitcoin within five years says DeVere Group CEO

According to Nigel Green, Bitcoin would soon reach a new all-time high, but Ethereum would surpass it in the next five years.

Ethereum will surpass Bitcoin within five years says DeVere Group CEO Nigel Green. He argued that the former has more technological advantages than its rival, which would be key to its rally.

‘Ethereum is more useful than Bitcoin’

According to Nigel Green – the founder of digital service provider deVere Group – Ethereum would exceed the value of Bitcoin in 2026. The chief executive pointed out that Vitalik Buterin’s blockchain-based software platform has grown by about 240%, while the primary cryptocurrency has increased by about 38% since the beginning of 2021.

  • Ethereum will surpass Bitcoin within five years says the CEO of DeVere Group.

Green gave several reasons why Ethereum would launch Bitcoin as the most dominant digital asset. For example, he believes that ether – the network’s native token – has a “highest level of actual use potential“. At the same time, Ethereum is the most sought after development platform for smart contracts.

Investor enthusiasm for the transition to ETH 2.0 is also an important factor. Green said the initiative would make the Ethereum network “considerably more scalable, sustainable and secure”. The DeVere Group founder also added that Bitcoin lags behind Ethereum in terms of tech improvements:

“Ethereum is more useful than Bitcoin and has technological advantages over its better-known rival.”

However, Green also remained optimistic about the primary virtual asset. He argued that Bitcoin would reach a new ATH by the end of the current year:

“That said, I remain confident that Bitcoin will hit, or even surpass, its highest record of $65,000 in mid-April through the end of 2021.”

Ethereum Gains Support Among Prominent Investors

The idea of ​​Ethereum becoming the most dominant virtual asset has been floating around in cryptospace since the blockchain platform has shown impressive growth in recent months. As such, many well-known names shared Nigel Green’s opinion.

For example, Todd Morley – co-founder of Guggenheim Partners – compared the use of networks behind the two main digital assets. Although he said little about Bitcoin, he praised Ethereum’s functionality and structure. According to him, the blockchain network behind the second largest cryptocurrency “has a much greater utility through smart contracts”.

BTC bull Mike Novogratz also hinted that such a scenario is possible given the massive growth of the network behind ether. He commented: “I think Ethereum might even become the biggest cryptocurrency one day”, but will have a use case “very different” of the BTC.

The Ethereum blockchain could be used “like the basic level of trust – the Web 3.0, where things are built on top of it”. However, he admitted that blockchain software would face competition from other projects such as Polkadot and Solana. However, Novogratz believes that Ethereum will eventually prevail.

Source: CryptoPotato

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