Bitcoin and Ethereum’s Dominance Isn’t Set in Stone, According to Crypto Hedge Fund Veteran Su Zhu

Crypto hedge fund veteran Su Zhu is saying that Bitcoin (BTC) and Ethereum (ETH) are each good investments, however this doesn’t assure that they are going to proceed to dominate crypto.

In a brand new episode of the Uncommon Core podcast, the CEO and CIO of cryptocurrency hedge fund Three Arrows Capital explains why he sees the potential of different digital belongings overtaking BTC and ETH.

“Bitcoin and Ether are most likely the soundest monies in crypto.

They type of have the most effective distributions and they’ve probably the most decentralization, however that doesn’t even have as a lot community impact when it comes to including new customers to the community as it’s possible you’ll assume.

For the identical causes that Ether gained on Bitcoin during the last yr, different networks are actually gaining on Ether, so I feel that the principle purpose I see for that is that when you take a look at common energetic addresses on Ether, it’s not that a lot greater than 2017. It’s not double, for example.

The purpose given is that these are whale chains and it’s nice and nicely the brand new customers will use different layer 2 options (L2s) or they’ll use this or that, but it surely’s truly going very a lot towards the Bitcoin 2017 roadmap and I feel that the problem there may be merely that customers won’t essentially wait round for that.”

For Ethereum, in explicit, Zhu says that not everybody could also be in what the blockchain provides.

While Bitcoin and Ethereum may be good monies, I don’t know that Ethereum can type of lord over different chains and say, ‘all value accrues back to me or all people have to settle back to me,’ as a result of I don’t assume that that may be a enterprise logic that is smart.

It’s not a enterprise logic that is smart that, you realize, finally all customers pays lease again to ETH holders. It’s not a given.

I do assume ETH can compete nicely as cash towards Bitcoin as a result of Bitcoin has a really completely different trade-off pool versus ETH, however I don’t assume that Ethereum itself as a community truly is that helpful for most individuals as a result of… they don’t want that stage of decentralization that Ether is making an attempt to say it upholds.”


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