Ken Griffin says Bitcoin will be replaced by Ethereum-based currency

[newshunter]

Ken Griffin says Bitcoin will be replaced by Ethereum-based currency

Generation X billionaire businessman Ken Griffin says he thinks the “passion is misplaced when it comes to cryptocurrencies.”

Source: Ken Griffin says Bitcoin will be replaced by Ethereum-based currency

Would appreciate your opinion about this

[Senin]

I think that Ken Griffin's statement is not devoid of logic. This looks especially plausible after the EU announced that it is necessary to prohibit the mining of those cryptocurrencies that use the energy-consuming PoW algorithm. This primarily applies to bitcoin. This news, if such a decision is made, could cause a domino effect and bitcoin will fall in all directions. Bitcoin is already lagging too far behind many cryptocurrencies in its development. Its high popularity can drop to a minimum in a few days.

[Adoragamand]

Honestly, I'm not surprised by anything anymore.
There are such sudden changes and such unexpected decisions that the world is turned upside down in a matter of days.
So let's see, it could happen.

[Whitefire]

I am confident that Bitcoin's success cannot be replicated.

[Alcor]

Well, this may well happen over time. The main thing is that bitcoin has not developed for a long time, while the ethereum network is now being radically updated. No other cryptocurrency, except bitcoin, has a throughput of seven transactions per second. Therefore, he was already very hopelessly behind. In addition, in light of the fact that states have pledged to reduce greenhouse gas emissions, it is likely that over time it will ban the mining of cryptocurrency that uses the energy-intensive PoW algorithm. This primarily applies to bitcoin, which is unlikely to switch to the PoS algorithm.