{"id":485910,"date":"2022-03-14T12:06:46","date_gmt":"2022-03-14T12:06:46","guid":{"rendered":"https:\/\/uniquehot.com\/?p=485910"},"modified":"2022-03-16T12:39:01","modified_gmt":"2022-03-16T12:39:01","slug":"abra-ceo-predicts-ethereum","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/abra-ceo-predicts-ethereum\/","title":{"rendered":"Abra CEO Predicts Ethereum Could Reach $40,000 – But Some Fintech Analysts Don’t Agree"},"content":{"rendered":"
Bill Barhydt, the CEO and inventor of the well-known cryptocurrency wallet service Abra, outlined why he believes Ethereum is a much better investment than Bitcoin.<\/p>\n
He has also set a price prediction of $40k for ETH, indicating his confidence in its future development.<\/p>\n
He also noted that Ethereum is utilized for a variety of reasons, such as DeFi, stablecoins, NFTs, and even games.<\/p>\n
Furthermore, it has the \u201cnetwork effect,\u201d which means that the value of cryptocurrencies is likely to rise as the number of customers grows, making it an even greater utility.<\/p>\n
Ethereum Positive Use Cases<\/h2>\n
Its central argument is that the use of Ethereum is what makes it so valuable.<\/p>\n
Bitcoin’s network effects, according to Bill, are changing it into a reserve asset that is trustless, immutable, and cannot be manipulated; it is hard money.<\/p>\n
In terms of flexibility, dependability, and value rise, Ethereum network effects are much more practical in terms of short-term exponential development.<\/p>\n
Furthermore, while Bitcoin’s quantity is fixed, because of the burning of Ethereum, Bitcoin has become deflationary, meaning its supply is actually diminishing over time.<\/p>\n