Dan Morehead: "After the release of ETH 2.0 ether can outperform bitcoin " – Bits Media

Pantera Capital CEO Dan Morehead says, that the launch of the second version of Ethereum will help ETH surpass BTC and become the largest cryptocurrency.

According to a Reuters publication citing Dan Morehead's speech (Dan Morehead) на Reuters Global Markets Forum, CEO of Pantera Capital believes, that ETH is able to surpass BTC and become the largest cryptocurrency. The wider possibilities of using the etherium will help this, less impact on the environment after switching to POS and technical improvements.

"We will observe the transition of people to ETH to preserve our capital", – Morhead declares.

He added, that the deployment of Ethereum 2.0 and transition to consensus evidence of a share (PoS) will significantly reduce the level of energy consumption of the Ethereum compared to bitcoin. According to him, widespread use of Ethereum in decentralized finance applications (DeFi) ETH also help to surpass BTC on capitalization.

Despite this, Morhead still looks optimistic at BTC growth potential. He made an assumption, what to the end 2021 Bitcoin will be traded for $80 000–$90 000, And during the year it will grow to $120 000. Rapid mass implementation can even more raise the price of BTC, up to $700 000 In the next decade.

This week is planned in the Ethereum network
Large update deployment - London hardford. However, Ethereum developer Tim Beiko said, that after the update, some tokens will become completely useless.