Tuesday, May 17, 2022
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Ethereum

$ETH: Crypto Hedge Fund CEO Casts Doubt on Ethereum’s Continued Dominance

by Crypto News
December 18, 2021
in Ethereum
0
$ETH: Crypto Hedge Fund CEO Casts Doubt on Ethereum’s Continued Dominance
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Su Zhu, Co-Founder, CIO, and CEO of Singapore-based crypto-focused hedge fund Three Arrows Capital, says that he’s skeptical of Ethereum’s long-term dominance over the altcoin market.

Talking in a latest episode of the Uncommon Core podcast, Zhu mentioned he may see the opportunity of different cryptoassets overtaking Ethereum sooner or later. 

Zhu, a long-term veteran within the sphere of digital asset hedge funds, referred to as Bitcoin and Ether the “soundest monies” in crypto because of their distributions and decentralization. Nonetheless, Zhu claimed decentralization alone was much less impactful on the community of each property including new customers. 

As reported by The Each day Hodl, he mentioned,

For a similar causes that Ether gained on Bitcoin over the past yr, different networks are actually gaining on Ether, so I believe that the primary purpose I see for that is that for those who take a look at common lively addresses on Ether, it’s not that a lot increased than 2017. It’s not double, as an example.




Zhu argued the problem for Ethereum can be that “customers is not going to essentially wait round,” for the venture to execute its scalability roadmap. He mentioned it could be exhausting for Ethereum to proceed “lording over” different tasks because the dominant blockchain, noting such a scenario didn’t make sense from a enterprise standpoint. 

The Three Arrows CEO concluded that Ethereum would have the ability to compete with Bitcoin because of providing a “very totally different trade-off pool,” however that the Ethereum community is in the end not “that helpful for most individuals.” Zhu claimed that almost all of customers wouldn’t profit from the diploma of decentralization that Ethereum says it upholds.

Disclaimer

The views and opinions expressed by the creator, or any individuals talked about on this article, are for informational functions solely, and they don’t represent monetary, funding, or different recommendation. Investing in or buying and selling cryptoassets comes with a danger of economic loss.

Picture Credit score

Photo by person Shutter_Speed by way of Pixabay.com



Source link

Related articles

Ethereum Hashrate Breaks All-Time High, Will Price Follow?

Ethereum Hashrate Breaks All-Time High, Will Price Follow?

May 16, 2022
Why Bitcoin- And Ethereum-Related Stocks Coinbase And Riot Blockchain Are Diving Today

Why Bitcoin- And Ethereum-Related Stocks Coinbase And Riot Blockchain Are Diving Today

May 16, 2022
Share76Tweet47

Related Posts

Ethereum Hashrate Breaks All-Time High, Will Price Follow?

Ethereum Hashrate Breaks All-Time High, Will Price Follow?

by Crypto News
May 16, 2022
0

Ethereum hashrate has been on the rise in latest instances. The cryptocurrency has been probably the most worthwhile ventures...

Why Bitcoin- And Ethereum-Related Stocks Coinbase And Riot Blockchain Are Diving Today

Why Bitcoin- And Ethereum-Related Stocks Coinbase And Riot Blockchain Are Diving Today

by Crypto News
May 16, 2022
0

Shares of crypto-related shares, together with Coinbase World Inc COIN and Riot Blockchain Inc RIOT, are buying and selling...

Polygon Vs. Ethereum – What’s the Difference?

Polygon Vs. Ethereum – What’s the Difference?

by Crypto News
May 16, 2022
0

Studying the variations when discussing Polygon (MATIC) vs Ethereum (ETH) is a good way to get a greater grasp...

InvestAnswers Host Calls Solana ($SOL) the Top Ethereum Competitor

InvestAnswers Host Calls Solana ($SOL) the Top Ethereum Competitor

by Crypto News
May 16, 2022
0

Common crypto analytics and market commentary present InvestAnswers says that Solana ($SOL) is probably going nonetheless the highest competitor...

This Analyst Believes Bitcoin and Ethereum Will Outperform Stocks: Here’s Why

This Analyst Believes Bitcoin and Ethereum Will Outperform Stocks: Here’s Why

by Crypto News
May 16, 2022
0

Bloomberg senior commodity strategist Mike McGlone has not too long ago opined that Bitcoin BTC/USD and Ethereum ETH/USD will...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
First bitcoin. Then GameStop. Now tiny tungsten cubes

First bitcoin. Then GameStop. Now tiny tungsten cubes

October 29, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Bitcoin Songsheet Wind Solar Are Altcoins Energy

Bitcoin Songsheet Wind Solar Are Altcoins Energy

May 17, 2022
Cardano Rallies 50% From May 12th Crash, is the Bottom in?

Cardano Rallies 50% From May 12th Crash, is the Bottom in?

May 16, 2022
Ethereum Hashrate Breaks All-Time High, Will Price Follow?

Ethereum Hashrate Breaks All-Time High, Will Price Follow?

May 16, 2022

Blockchain Analytics Firm Nansen Announces New Investment And Data Integration With APY.vision – Crowdfund – Crowdfund Insider

May 16, 2022

Recent News

Bitcoin Songsheet Wind Solar Are Altcoins Energy

Bitcoin Songsheet Wind Solar Are Altcoins Energy

May 17, 2022
Cardano Rallies 50% From May 12th Crash, is the Bottom in?

Cardano Rallies 50% From May 12th Crash, is the Bottom in?

May 16, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News