The CEO of one the largest independent financial advisory, asset manager and fintech companies in the world predicts that Ethereum will outperform Bitcoin in 2021. In the end, it will surpass its rival’s value.
After a few mixed days, Nigel Green, founder and chief executive of deVere Group, has made a prediction about deVere Crypto. This prediction comes after Bitcoin’s current market capitalization is at its highest.
Mr. Green commented: “Ethereum (ETH), is outperforming Bitcoin [BTC] and it can expect to continue this trend through the rest of 2021.
“Ether” is up about 240%, while Bitcoin is down less than 38%. It has actually outperformed all benchmark assets during the first half.
Two key factors are responsible for Ethereum’s success, according to deVere boss.
He says that Ether is more useful than Ethereum because it is the native cryptocurrency. This means that Ether is more in demand for smart contract development platforms. Its global financial utility is also highlighted.
‘Second: investor enthusiasm for the game-changing switch to ETH 2.0. This makes the Ethereum network significantly more scalable and sustainable as well as secure. These upgrades are a significant boost for Ethereum and blockchain technology in general.
He continued, “Ethereum is more valuable than Bitcoin and has technology advantages over its better-known competitor.”
“Ultimately, it will be worth more than Bitcoin in five years.
“That being said, I am confident that Bitcoin will surpass its all-time high of $65,000 in April and even surpass it by 2021.
DeVere boss, one of the longest-standing and most prominent crypto bulls. He was quoted as saying that crypto is the future.
These bold predictions were made following a live virtual event in which Elon Musk, Space X founder, and Jack Dorsey founder of Twitter, as well as Ark Investment’s Cathie wood, all spoke out for digital assets and discussed their huge future potential.
Nigel Green concludes that there will be peaks as well as troughs, but Ethereum’s climb to the top seems unstoppable.