Recently, renowned trader Peter Brandt voiced criticism directed squarely at Ethereum (ETH), the second-largest crypto by market capitalization, denouncing it as a “junk coin” in a blunt assessment.
Ethereum Faces Criticism
Celebrated for his insights into financial markets, Peter Brandt spared no punches as he castigated Ethereum, arguing that it lacks the essential characteristics required for long-term success.
His remarks underscored ETH’s perceived weaknesses as a store of value and its struggles with layer-2 solutions and high gas fees, factors he believes contribute to its inferiority compared to Bitcoin.
To support his assertions, Brandt posted an Ethereum/Bitcoin price chart and his criticism of ETH, showing the asset’s consistent decline relative to Bitcoin in the past year.
I get tired of saying it, but $ETH is a junk coin despite mindless devotion of Etheridiots.
As a store of value it is junk – a $BTC pretender
Its functionality is also junk – di
We współpracy z: https://bitcoinist.com/ethereums-reputation-takes-a-hit-as-trading-veteran/
