Nexo Co-Founder Says Ethereum Will Not Flip Bitcoin Post-Merge

Nexo Co-Founder Says Ethereum Will Not Flip Bitcoin Post-Merge

The co-founder of the cryptocurrency lending platform Nexo, Antoni Trenchev, doesn’t assume the historic Merge occasion will assist Ethereum flip Bitcoin as a very powerful cryptocurrency.

Antoni Trenchev asserted “Anyone who is writing off Bitcoin, I think that’s too soon.”

The Ethereum Merge, in response to Antoni Trenchev, is “the most significant thing” to have occurred within the protocol’s historical past. The most-waited and big Ethereum Merge improve went dwell at present at 2:43 AM EST.

Trenchev anticipates an increase in Ethereum’s value as soon as folks perceive the benefits of switching to Proof-of-Stake (PoS), although not instantly. Before there’s a value enhance, folks ought to perceive the functions of such growth, he famous.

“I bought in around $1,300, rolled it all the way up to $2,000, now it’s around $1,600. There is a case to be made that a large amount of the hype is already priced in, so there might be a coming down a little bit, but I think ultimately, once people see the benefits, this will play a very bullish role in the mid and long term” he added.

He just lately spoke with Bloomberg on the longer term greener focus Ethereum can have and the way Ethereum will transition from mainly an inflationary form of asset to a deflationary one.

Trenchev claimed to be extraordinarily bullish on Bitcoin and Ethereum and can be holding them each for the long run in his portfolio. He acknowledged boosting his Ethererum publicity in anticipation of the coin’s value enhance following the swap to PoS a couple of months in the past.

Compiled by Coinbold

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