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<p>The post <a href="https://coinpedia.org/news/ethereum-is-a-piece-of-junk-when-compared-to-bitcoin-says-peter-brandt/">Ethereum “Piece of Junk” When Compared to Bitcoin, Says Peter Brandt&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Veteran trader <a href="https://coinpedia.org/price-analysis/bitcoin-price-analysis-crypto-expert-peter-brandt-suggest-43000-as-next-target/">Peter Brandt</a> isn’t optimistic about Ethereum’s future, predicting it won’t become a recognized digital currency in the next ten years. Despite being the second-largest cryptocurrency, Brandt questions Ethereum’s ability to serve as a reliable store of value, especially when compared to Bitcoin.</p> 
<p>He criticizes Ethereum for its functionality issues and high gas fees, foreseeing potential challenges ahead. In straightforward terms, Brandt labels <a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/">Ethereum</a> as a “piece of junk” due to what he sees as its lack of usefulness.</p> 
<h2 class="wp-block-heading" id="h-ethereum-under-the-slammer">Ethereum Under the Slammer</h2> 
<p>In a recent X post, Peter Brandt voiced his dissatisfaction with Ethereum, deeming it an inferior store of value compared to Bitcoin. He expressed confusion about traders choosing to hold onto the coin.&nbsp;</p> 
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   <p lang="en" dir="ltr">Ether <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is not comparable to <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> as a store of value. Why hodl ETH when you can hodl BTC<br>And the functionality and gas price of ETH make the crypto a piece of junk<br>My prediction is that ETH may not even be a listed asset in 10 years <a href="https://t.co/4WQ7wnFWEO">https://t.co/4WQ7wnFWEO</a></p>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1735433545458520178?ref_src=twsrc%5Etfw">December 14, 2023</a>
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<p>According to Brandt, Ethereum’s poor functionality and soaring gas fees could potentially lead to its downfall in the long run. He boldly went so far as to label the asset a “piece of junk” due to its perceived lack of utility and usability. This critical stance from a seasoned trader like Brandt adds to the ongoing debate about Ethereum’s future.</p> 
<p>As of now, Ethereum is trading at $2,274.34, experiencing a 0.6% dip in the past 24 hours and a more substantial 3.7% decrease over the last seven days, as per <a href="https://markets.coinpedia.org/ethereum/?_gl=1*1i362xo*_ga*NTQzNDc3MzQ4LjE2OTcxODMzODc.*_ga_RE1GG3FGQW*MTcwMjYxOTQzNS41Ni4xLjE3MDI2NDAxMDkuOC4wLjA.&amp;pk_vid=54976fb381ef2c0e1702644295e1f919">Coinpedia news</a>.&nbsp;</p> 
<p>Brandt’s skepticism about Ethereum’s long-term prospects is grounded in his assertion that digital currencies, in general, do not serve as reliable stores of value.</p> 
<p>Here’s A Contrasting View: <a href="https://coinpedia.org/news/jpmorgans-bold-prediction-ethereum-to-outshine-bitcoin-in-upcoming-year/">JPMorgan Claims Ethereum Will Outshine Bitcoin in 2024; Here’s Why</a></p> 
<h2 class="wp-block-heading" id="h-putting-the-spotlight-on-ethereum">Putting the Spotlight on Ethereum </h2> 
<p>Ethereum’s unique position as a pioneer in the blockchain industry has made it a focal point for comparison among experts. While Peter Brandt’s assessment paints a gloomy picture, other industry figures, such as Raoul Pal, have <a href="https://twitter.com/RaoulGMI/status/1733995787112096212">engaged</a> in the Ethereum versus Solana debate.&nbsp;</p> 
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   <p lang="en" dir="ltr">I do think there is a &gt;20% chance that this cycle in Crypto and Exponential Age tech is an Everything, Everywhere, All at Once adoption cycle. The narrative/price will probably outrun the reality however, but by 2030 all forecasting will go out the window…1/</p>— Raoul Pal (@RaoulGMI) <a href="https://twitter.com/RaoulGMI/status/1733995787112096212?ref_src=twsrc%5Etfw">December 10, 2023</a>
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<p>Pal characterized Ethereum as the “Android” of the crypto ecosystem, contrasting it with Solana, which he likened to the “iOS” of the industry.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-there-is-still-hope">There Is Still Hope!</h2> 
<p>Despite Brandt’s less optimistic stance, a group of experts remains hopeful about Ethereum’s future. The blockchain keeps innovating through various layer-2 protocols, including Polygon zkEVM, Arbitron (ARB), and Optimism (OP). These developments show a lively and robust ecosystem within the Ethereum network, countering the prevailing doubt and hinting at potential breakthroughs.</p> 
<p><strong>As Ethereum faces skepticism, we’ll see if it can overcome the hurdles pointed out by Brandt. What do you think?</strong></p>

Ethereum “Piece of Junk” When Compared to Bitcoin, Says Peter Brandt

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