Ether Is Set To Overtake Bitcoin

Ether Is Set To Overtake Bitcoin
Reda Farran, CFA

over 2 years ago1 min

Ether is already up by more than 300% this year, while bitcoin is “only” up around 50%. That outperformance is expected to continue for the rest of 2021 according to Nigel Green, CEO of deVere Group – one of the world’s largest independent financial advisory firms.

Green expects ether’s total market capitalization, which currently stands at $350 billion, to exceed bitcoin’s within five years. The OG-crypto has a total value today of around $840 billion. Green bases his prediction on two key factors.

First, he sees ether as having a lot more real-use potential as it’s the native cryptocurrency of the Ethereum network – the most in-demand platform for decentralized finance (DeFi) applications today.

Second, he anticipates a lot of investor demand for the crypto after Ethereum’s scheduled upgrade to “ETH 2.0” – a major overhaul that’s expected to make the network considerably more scalable, sustainable and secure.

Green is one of the highest-profile, longest-standing crypto bulls. Time will tell if his prediction turns out to be correct or not.

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