Wednesday, May 25, 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 Bitcoin

Ethereum Is Superior to Bitcoin And Will Eventually Replace it

by Crypto News
November 11, 2021
in Bitcoin
0
Ethereum Is Superior to Bitcoin And Will Eventually Replace it
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Ken Griffin – Founder and Chief Government Officer on the multinational hedge fund Citadel LLC – stays skeptical on bitcoin and its use instances. He believes that one other cryptocurrency challenge akin to Ethereum will change into essentially the most dominant within the digital asset universe.

Bitcoin Would possibly Be Changed on the Prime

Regardless of its ups and downs all year long, bitcoin has greater than doubled its worth prior to now eleven months. Institutional adoption and important assist from outstanding buyers and entrepreneurs, a few of whom usually describe it as an excellent retailer of worth, are among the many elements that propelled the asset in the direction of its present heights.

Individually, BTC even became authorized tender in El Salvador in September, pushing its method by means of on a nationwide stage.

Nevertheless, it’s not all sunshine and rainbows, and the first cryptocurrency has its critics. One in every of them is Citadel’s CEO – Ken Griffin. In a latest interview with DealBook’s Andrew Ross Sorkin, he opined that bitcoin is just too dangerous to the atmosphere, has low transaction pace, and is susceptible to fraud actions.

Protecting these disadvantages in thoughts, Ethereum or one other cryptocurrency based mostly on its blockchain, which might have a smaller power footprint and decrease transaction prices, will steal BTC’s dominance, he added.

The billionaire investor and proprietor of the Dallas Mavericks – Mark Cuban – additionally went in favor of Ethereum and its native token not too long ago. In keeping with him, newbies within the cryptocurrency trade ought to choose ETH as an funding alternative because it has essentially the most upside potential.

Griffin additionally touched upon the rising inflation and monetary disaster that began shaking most economies. He doubted that cryptocurrencies might resolve these financial points, hinting {that a} digital greenback might be extra useful within the initiative.

Nonetheless, he appears to assist blockchain calling it a “actually fascinating expertise and a strong method to keep a decentralized ledger all over the world.”

Ken Griffin
Ken Griffin, Supply: CNBC

Citadel Would Present Crypto Companies if The Business Will get Regulated

In one in every of his earlier appearances final month, Griffin as soon as once more bashed bitcoin and the choice cash, claiming they might hurt the American greenback. He additional mentioned it’s a “Jihadist name” that some put their belief in digital belongings as a substitute of the nationwide foreign money of the USA.

Though Griffin doesn’t match as the most important believer within the deserves of cryptocurrencies, his group would nonetheless offer its purchasers such publicity if there may be “regulatory readability” within the area:

“We don’t commerce crypto due to the regulatory uncertainty. It is going to change into a much more aggressive market when there’s regulatory readability and that might be good… I might commerce it as a result of it might meet the wants of our brokerage companions who wish to have a tier-one agency making costs.”

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off charges and 50 USDT when buying and selling 500 USDT (restricted provide).

PrimeXBT Particular Supply: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit as much as 1 BTC.

Related articles

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

January 3, 2022
Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

January 3, 2022



Source link

Share76Tweet47

Related Posts

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

by Crypto News
January 3, 2022
0

13 years in the past at the moment, bitcoin formally launched after what's often known as the Genesis Block...

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

by Crypto News
January 3, 2022
0

Textual content dimension Bitcoin's latest tumble might need brought on a rise in buying and selling quantity for Coinbase....

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

by Crypto News
January 3, 2022
0

Key details: La Pampa will cost Gross Earnings to all industrial actions with digital currencies. As in different provinces,...

I bought Bitcoin from PayPal. Here’s what happened

I bought Bitcoin from PayPal. Here’s what happened

by Crypto News
January 3, 2022
0

There isn't a doubt that cryptocurrency has traction within the monetary world. As of the second I am penning...

Multisig Setup Saves Bitcoin Stack from Home Burglary

Proof Of Keys Day And Quantum Computing

by Crypto News
January 3, 2022
0

When Satoshi Nakamoto mined the genesis block 13 years in the past right now, giving rise to the Bitcoin...

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
Cloudflare Seeks Ethereum Validator Status, a16z Reports Ethereum Is Still the Dominant Altcoin

Cloudflare Seeks Ethereum Validator Status, a16z Reports Ethereum Is Still the Dominant Altcoin

May 25, 2022
Can Mehracki (MKI) Compete with Top 10 Coins Like Solana (SOL) and Cardano (ADA)?

Can Mehracki (MKI) Compete with Top 10 Coins Like Solana (SOL) and Cardano (ADA)?

May 25, 2022
Bitcoin Dormant at $30K While Ethereum Classic (ETC) Pumps 10%: Market Watch

Bitcoin Dormant at $30K While Ethereum Classic (ETC) Pumps 10%: Market Watch

May 25, 2022

Day One of BSV Global Blockchain Convention in Dubai

May 25, 2022

Recent News

Cloudflare Seeks Ethereum Validator Status, a16z Reports Ethereum Is Still the Dominant Altcoin

Cloudflare Seeks Ethereum Validator Status, a16z Reports Ethereum Is Still the Dominant Altcoin

May 25, 2022
Can Mehracki (MKI) Compete with Top 10 Coins Like Solana (SOL) and Cardano (ADA)?

Can Mehracki (MKI) Compete with Top 10 Coins Like Solana (SOL) and Cardano (ADA)?

May 25, 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