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BlockTower Investment Fund Manager: Ethereum Will Bypass Bitcoin By Capitalization In 2022

BlockTower Capital cryptocurrency fund manager Rahul Rai is confident that if Ethereum manages to restart the global financial system, then in the future its market will become much larger than that of Bitcoin.

Gen Z crypto-millionaire predicts airtime in mid-2022
will become the first cryptocurrency in terms of capitalization.

“I definitely think Ether has a really good chance of beating Bitcoin. I wouldn’t be surprised if this happens in a loop. It is very difficult to predict when this cycle will end. Perhaps the middle of next year. ”

Rahul Rai stated that the versatility of the Ethereum blockchain will be a major factor that will attract both developers and investors. According to him, Ethereum is trying to restart the global financial system and direct it into the future. If he succeeds, then the ether will get a larger market. Its capitalization will reach several trillion dollars, and this is much more than Bitcoin can achieve.

Not only young experts see the prospects for the development of the Ethereum blockchain. In April, analysts at US investment bank JPMorgan said bitcoin could compete with gold as a store of value, but would give way to ether in the long run. According to experts, the difference between BTC and ETH is that Bitcoin is a consumer commodity. It can compete with precious metals and be seen as a store of value. Ether is a pillar of the cryptocurrency economy that can serve as a medium of exchange.

Vitalik Buterin said last month that the difference between Ethereum and Bitcoin is that Bitcoin is a platform where the value of the ecosystem depends on the value of the currency, and in Ethereum, the value of the currency depends on the value of the ecosystem.

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