Wednesday, February 1, 2023
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 Lost 6.24% to $3807.82 at 5 p.m. ET — Data Talk

Ethereum Lost 3.63% to $1172.11 at 5 p.m. ET — Data Talk

November 28, 2022
Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

November 28, 2022
Share76Tweet47

Related Posts

Ethereum Lost 6.24% to $3807.82 at 5 p.m. ET — Data Talk

Ethereum Lost 3.63% to $1172.11 at 5 p.m. ET — Data Talk

by Crypto News
November 28, 2022
0

Ethereum is down $44.10 immediately or 3.63% to $1172.11 --Snaps a six day successful streak --Down 25.17% month-to-date; On...

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?

by Crypto News
November 28, 2022
0

Ethereum’s burning charge was greater than minting actions, leading to a very good provide charge Staking actions had been...

These Ethereum Competitors Are Down Over 90% — Are They Worth the Risk?

These Ethereum Competitors Are Down Over 90% — Are They Worth the Risk?

by Crypto News
November 28, 2022
0

Ethereum (ETH -3.67%) could also be down 69% for the 12 months, however its rivals are getting crushed even...

Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

by Crypto News
November 28, 2022
0

The crypto market has been crashing since October 2021. A yr has handed and crypto costs are nonetheless on...

Daily Brief Financials: Ethereum and more – Smartkarma

Daily Brief Financials: Ethereum and more – Smartkarma

by Crypto News
November 28, 2022
0

Daily Brief Financials: Ethereum and more  Smartkarma Source link

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
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 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
CRYPTO : QUELLE STRATÉGIE SUR LES ALTCOINS ✔️ ?! OPTIMISE TES GAINS! BITCOIN POURSUIT SA HAUSSE ! 🔥

CRYPTO : QUELLE STRATÉGIE SUR LES ALTCOINS ✔️ ?! OPTIMISE TES GAINS! BITCOIN POURSUIT SA HAUSSE ! 🔥

February 1, 2023
Pierre Poilievere's Thoughts on Cryptocurrency, Bitcoin, Inflation, & Justin Trudeau

Pierre Poilievere's Thoughts on Cryptocurrency, Bitcoin, Inflation, & Justin Trudeau

February 1, 2023
Cardano Price Teases Holders With Vasil Hard Fork Delay

Cardano Price Teases Holders With Vasil Hard Fork Delay

January 31, 2023
RIPPLE XRP GREAT RESET SHOCKING TIMELINE⚠️WOKENESS CULT WEF PLAN🚨 WEF TRYING TO DIVIDE & CONQUER

RIPPLE XRP GREAT RESET SHOCKING TIMELINE⚠️WOKENESS CULT WEF PLAN🚨 WEF TRYING TO DIVIDE & CONQUER

January 31, 2023

Recent News

CRYPTO : QUELLE STRATÉGIE SUR LES ALTCOINS ✔️ ?! OPTIMISE TES GAINS! BITCOIN POURSUIT SA HAUSSE ! 🔥

CRYPTO : QUELLE STRATÉGIE SUR LES ALTCOINS ✔️ ?! OPTIMISE TES GAINS! BITCOIN POURSUIT SA HAUSSE ! 🔥

February 1, 2023
Pierre Poilievere's Thoughts on Cryptocurrency, Bitcoin, Inflation, & Justin Trudeau

Pierre Poilievere's Thoughts on Cryptocurrency, Bitcoin, Inflation, & Justin Trudeau

February 1, 2023

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