Ethereum Will continue to outperform Bitcoin The CEO of one the largest international independent financial advisory and asset-management organisations predicts that the company will be worth more than its rivals in 2021.
Nigel Green, founder and chief executive of UAE-based deVere Group which launched deVere Crypto app in 2018, noted that Ether has risen 240 percent in 2021, while Bitcoin has only risen by around 38 percent.
“Ethereum has outperformed all benchmark assets during the first half this year.”
Two key factors drive Ethereum’s success, according to deVere boss.
“First, Ether has higher real-use potential than Ethereum. Ethereum, the native cryptocurrency platform, is the most sought-after development platform for smart contract development. This highlights Ether’s value as both a platform for developers and a global financial utility.
“Second, investors are excited about the game-changing shift to ETH 2.0. This makes the Ethereum network significantly more scalable and sustainable, as well as secure.
Green stated that the upgrade is expected to be completed in the first quarter 2022.
He said, “Ethereum is more valuable than Bitcoin and has technology advantages over its better-known competitor.”
“Eventually, it will have a value that exceeds that of Bitcoin. This will likely happen within five years ….. While there will be some peaks and valleys, Ethereum’s climb to the top seems unstoppable.
“That being said, I am confident that Bitcoin will surpass its mid-April high of US$65,000 by 2021.
– Nigel Green (@nigeljgreen) August 18, 2021
Yesterday evening, Ethereum’s market cap was $351 billion. This represents 41.9 percent of Bitcoin’s US$836 million.