Ethereum has already surpassed Bitcoin in dollar value, says Celsius Boss

Ethereum has already surpassed Bitcoin in dollar value, says Celsius Boss
фото показано с : invezz.com

2021-7-6 20:55

Celsius CEO Chief executive officer Alex Mashinsky has added his opinion about the Bitcoin and Etherem debate. According to him, Ethereum (ETH/USD) has overtaken Bitcoin (BTC/USD) when it comes to dollars.

He was asked about the chance of Ethereum overtaking Bitcoin in market valuation, he responded in the affirmative, saying ETH is doing a very good job in that aspect. He said,

Ethereum already surpassed bitcoin in dollar terms as shown in the total holding of the Celsius community.

Ethereum to overtake Bitcoin in the wider market

Mashinsky added that Ethereum is expected to overtake Bitcoin in the wider market in the next two years, after outperforming Bitcoin in dollars.

Mashinsky was looking at the Celsius figures when making his prediction for the market. He is comparing Bitcoin with Ethereum by how much of the dollar value a million people hold in the former compared to the latter.

He is using the network to compare whether the number of Ethereum users far outnumber the number of Bitcoin users on his network.

Mashinsky reiterated that the last two months have seen Ethereum surpassing Bitcoin in that aspect. It has been the first time a million users have had over $17 billion in Bitcoin deposits, but in dollar terms, Ethereum has been higher.

More adoption of Ethereum over Bitcoin in the future

Mashinsky also commented about the use of Bitcoin as a store of value. He argued that Ethereum has a better use case than Bitcoin, which could be a major determinant for the future of both crypto assets.

He has echoed the thoughts of other market analysts who see Ethereum surpassing Bitcoin in the future when it comes to the number of users as well as the value of the cryptocurrency.

According to Mashinsky, the use case for Ethereum is broader as more people are vying for yield than those who seek more value for Bitcoin. He concluded that there will be a broader adoption of Ethereum than Bitcoin in the future because of the use case of the former.

The post Ethereum has already surpassed Bitcoin in dollar value, says Celsius Boss appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97785.51 (+0.33%)
Объем 24H $46.652b
Изменеия 24h: -1.45 %, 7d: 7.52 %
Cегодня L: $97772.99 - H: $97813.46
Капитализация $1934.827b Rank 1
Цена в час новости $ 33892.24 (188.52%)

bitcoin ethereum usd celsius debate according etherem

bitcoin ethereum → Результатов: 126


Фото:

Grayscale unveils updated covered call ETFs for Bitcoin and Ethereum

Grayscale Investments has updated proposals for its Bitcoin and Ethereum Covered Call ETFs, according to Nov. 18 filings with the US Securities and Exchange Commission (SEC). The funds aim to generate income through options contracts linked to the firm’s Bitcoin and Ethereum exchange-traded products (ETPs), including the Grayscale Bitcoin Trust (GBTC), its mini Bitcoin trust, […] The post Grayscale unveils updated covered call ETFs for Bitcoin and Ethereum appeared first on CryptoSlate.

2024-11-20 22:45


Ethereum упал до 3-летнего минимума против Bitcoin, аналитик видит поддержку на уровне 0,035 BTC

Обменный курс Ethereum по отношению к Bitcoin значительно снизился, недавно опустившись ниже 0,037 25 октября — самого низкого уровня с 15 апреля 2021 года. Рыночные данные показывают падение курса ETH/BTC на 30% с 1 июля этого года, что отражает серьезное падение Ethereum по сравнению с Bitcoin.

2024-10-26 19:36


Что ждет Ethereum – сегодня он достиг 42-месячного минимума по отношению к Bitcoin

В последние недели рынок криптовалют в целом был нестабильным. Однако Ethereum продолжает отставать относительно Bitcoin и других активов его калибра. Для справки, Bitcoin немного вырос, в то время как Solana подорожала на 5% за последний день.

2024-10-24 12:26


What’s Behind Bitcoin And Ethereum’s Exchange Exodus? Record-Low Reserves Could Hold The Key

Crypto investors are not keen on dealing with cryptocurrency trading platforms, which has resulted in the dwindling exchange reserves of Bitcoin and Ethereum.  Centralized exchanges on Bitcoin and Ethereum hit a historic low after investors and crypto enthusiasts opted for self-custody solutions for their virtual assets.

2024-10-14 18:30


Фото:

Bitcoin & Ethereum On “Path To Acceleration,” CryptoQuant Explains Why

The on-chain analytics firm CryptoQuant has explained why Bitcoin and Ethereum have recently appeared to be on a path towards acceleration. Bitcoin & Ethereum Are Looking Bullish In On-Chain Metrics In a new thread on X, the official CryptoQuant handle discussed how some important on-chain indicators are looking for Bitcoin and Ethereum right now.

2024-6-8 04:00


Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) See Higher Uptick in Discussions This Week: Here’s Why

The crypto market has been abuzz with discussions surrounding the top three cryptocurrencies by market capitalization – Bitcoin ($BTC), Ethereum ($ETH), and Solana ($SOL). As the Bitcoin halving event approaches and Ethereum and Solana face network-related challenges, the crypto community has been more vocal than ever about these assets.

2024-4-9 11:45


Фото:

Reddit IPO filing reveals treasury exposure to Bitcoin, Ethereum

Social media giant Reddit has been quietly buying Bitcoin and Ethereum with some of its excess cash and holds an undisclosed amount of the two tokens in its treasury for investment purposes. The social media giant’s crypto exposure details were revealed in its initial public offering (IPO) prospectus, which was filed with the SEC on […] The post Reddit IPO filing reveals treasury exposure to Bitcoin, Ethereum appeared first on CryptoSlate.

2024-2-23 00:23