Crypto analysts and industry figures took a closer look at the Bitcoin (BTC) vs. Ethereum (ETH) and altcoins debate, amid a bull market in which ETH and numerous altcoins are continuously outperforming BTC.
BlockTower Capital founder Ari Paul has criticized the umbrella term ‘altcoins’ while noting that such coins have outdone bitcoin on many occasions. Meanwhile, analyst Willy Woo has shared a number of metrics which, while showing that BTC is a better long-term bet, also show that ETH has offered the highest — and quickest — gains.
The never-ending debate
The Bitcoin vs. Ethereum and altcoins debate has obviously never gone away. However, with a range of altcoins outperforming BTC, it seemed to regain some of its former intensity.
First, Kraken’s Dan Held used the old trigger, claiming that ETH is not money. Needless to say, this quickly drew a response from people involved or associated with Ethereum. Mythos Capital founder — and frequent ETH booster — Ryan Sean Adams replied that the market will decide whether ethereum is money or not.
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