Ethereum has currently seen a considerable spike in terms of its price, and it seems that it is scoring all-time highs one after the other, so it might become a consecutive thing, right? Like a bull run that accompanied Bitcoin in the past and made it score an all-time high of $60k+? Well, in the eyes of Shark Tank’s Kevin O’Leary, it is highly unlikely as the businessman still believes no matter how fast the adoption of Ethereum gets or how far it can take its price to still it would always be a second to Bitcoin, which is not only the flagship cryptocurrency but the most ultimate one in the crypto market as well. Ethereum, according to Kevin O’Leary, is meant to be used as a tracking and payment system which is entirely different from Bitcoin, which is being traded by not only seasonal investors but also the conglomerates and large financial institutions out there.
Bitcoin will always be a Primary Digital Asset
According to him, Bitcoin will always be gold, and Ethereum will always be silver, and it is not the sentiment talking because the current price value of Bitcoin is no joke, and it would definitely take years for Ethereum to succeed or even match the present value. And what do you propose Bitcoin is going to remain right here in terms of price during all this period? No, it will definitely see some huge reuses and bull runs, making its current price float.
So, that is some thinking material for you right there as it is not that easy to just storm away from a digital asset that has been so ferocious and, despite all its proposed volatility, so consistent. Despite the fact that there is some serious institutionalizing going around when it comes to Ethereum, its market cap has increased so much, but Bitcoin is always going to reserve the primary spot. Kevin O’Leary is also a big supporter of green mining that proposes zero carbon emission and is supportive of legal mining practices; currently, he is among the most tenacious proponents of Bitcoin.