Ethereum (ETH) is getting fiercer! Is There An Opportunity To Cut Bitcoin (BTC)? - Kakiforex.com - Financial Market Media No. 1 in the World Ethereum (ETH) is getting fiercer! Is There An Opportunity To Cut Bitcoin (BTC)? Ethereum (ETH) is getting fiercer! Is There An Opportunity To Cut Bitcoin (BTC)?
InstaForex

April 30, 2021

Ethereum (ETH) is getting fiercer! Is There An Opportunity To Cut Bitcoin (BTC)?

 No one can deny the performance of Ethereum (ETH) in recent times.


Throughout April, it was already twice the second largest asset after Bitcoin (BTC) hit an all -time high (ATH) and yesterday, ETH made history by rocketing close to $ 2,800.


This growth of ETH is expected, starting with phase 0 of ETH 2.0 in December followed by the launch of Ethereum futures for financial institutions by CME Group.


The launch further spurred open interest and daily volume in ETH.


Global analytics agency, Weiss Crypto predicts more financial institutions and firms are interested in Ethereum in the near future. It is also possible that they have begun to compile a new phase for the use of Ethereum.



This is in line with JP Morgan’s statement revealing Ethereum has the potential to outperform Bitcoin and the trend will continue: “We believe ETH will be the target of most institutions and firms. It is inevitable. ”


However, Shark Tank entrepreneur and tv personality Kevin O’Leary has his own opinion on Ethereum’s position in fiercely competing with Bitcoin.


According to the figure in an interview with CNBC, Ethereum will remain second after Bitcoin despite successfully rocketing to $ 2,797 yesterday.


"Bitcoin will remain 'gold' and Ethereum will remain 'silver'." he said.


The reason is, Ether which is synonymous as a tracking and payment system now has too high a value. In fact, O’Leary stressed institutional investors who choose Bitcoin are pushing the asset to hit an all -time high for 2021.