As more businesses are launching on blockchain, Ian Balina, an influential blockchain and ICO investor, has predicted that Ethereum will surpass Bitcoin in terms of market cap in 2020.
The cryptocurrency expert, who migrated to the US at the age of 8 with his family, is affirming his believe and hope in Ethereum, the second leading digital currency with a market cap of $14 billion as at the time of filing this report.
However, Bitcoin, the king of cryptos, has a market cap of $130 billion, which is 100x that of Ethereum.
A bold prediction, @justinsuntron is definitely quite the business man
While the market capitalization of Bitcoin is by far ahead of Ethereum, Ian Balina remains hopeful the digital currency will outperform Bitcoin in 2020.
Prediction: Ethereum surpasses Bitcoin in market cap in 2020s.
This is inevitable.
Also, in one of Ian’s post, the cryptocurrency expert condemned how people claim Ethereum is a scam designed to enrich the creator, saying Bitcoin was also disparaged by skeptics
“People forget that crypto skeptics also call Bitcoin a scam,” claim Ian, adding that “it’s now reached a point were [sic] if you’re not called a scam then it means you’re not pushing the boundaries of the status quo”.
Ian, who once lost millions of dollar worth of cryptos to hackers during a live Youtube broadcast, spoke in response to a tweet by the founder of Mythos Capital, Ryan Sean Adams, who inferred that “Bitcoiners calling Ethereum a scam have actually empowered real scammers by rendering the term scam unobjective [sic] & hollow”.
Ian Balina based his prediction on the growing Ethereum community, constant innovation and growth of DeFi and Stablecoins. He asserted that Bitcoin Network lacks leadership and innovation.
Looking at the present situation in the Ethereum blockchain, more firms are making use of the Ethereum network with the launch of several dApps.
Beyond that dApps, Forbes published early 2019 that several notable companies are making use of Ethereum blockchain technology for enterprise solution.
Among them are Amazon, Overstock, BBVA, BNP Paribas, Citigroup, Fidelity, Google, HPE, Microsoft, VMware, Siemens, and numerous others.
Today, NewsLogical revealed that over 20,000 VIP ticket is being tokenise by UEFA on Etherum wallet, AlphaWallet.