Venture Capitalist Bill Gurley Prefers Ethereum to Bitcoin, Takes Personal Position in ETH – Altcoins Bitcoin News

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Venture Capitalist Bill Gurley Prefers Ethereum to Bitcoin, Takes Personal Position in ETH – Altcoins Bitcoin News

Project capitalist Invoice Gurley has taken a non-public place in ether as a result of he “was once swayed via the arguments of the ethereum crowd.” He defined that it’s “the smarter approach to play when you’re going to have crypto publicity.”

Invoice Gurley Prefers Ethereum to Bitcoin

Invoice Gurley, a basic spouse at Benchmark, a Silicon Valley challenge capital company in San Francisco, California, shared his view on cryptocurrency in an interview with Bloomberg final week.

He started via admitting that he’s overdue entering crypto as a result of he was once that specialize in direct listings and didn’t spend a lot time at the topic till April this yr when he devoted slightly a little bit of time to studying about cryptocurrencies. Gurley shared:

I’VE TO MENTION I USED TO BE SWAYED VIA THE ARGUMENTS OF THE ETHEREUM CROWD. AND SO, I’VE TAKEN A NON-PUBLIC PLACE.

With out specifying how a lot he invested in ETH, the challenge capitalist emphasised that the funding was once non-public and now not for his company.

“I’m swayed via the ethereum crowd,” he reiterated. “The celebration that’s concerned appears to be far more pragmatic. They appear to be open to adjustments and are mainly making a number of adjustments which I feel will carry down charges and will probably be very advisable. The developer neighborhood is obviously within the ethereum camp.”

The challenge capitalist opined:

I FEEL THERE’S A ESG [ENVIRONMENTAL, SOCIAL, AND GOVERNANCE] GET ADVANTAGES AFTER THEY TRANSFER TO PROOF-OF-STAKE AS OPPOSED TO BITCOIN. IT KIND OF FEELS TO ME TO BE THE SMARTER APPROACH TO PLAY WHEN YOU’RE GOING TO HAVE CRYPTO PUBLICITY.

Gurley clarified that he’s now not a maximalist and he’s now not arguing that everybody will have to have crypto publicity.

He additionally commented at the buying and selling platform Robinhood which not too long ago stated that greater than part of its earnings got here from cryptocurrency and 62% of its crypto earnings got here from dogecoin (DOGE). The challenge capitalist stated this isn’t a valid trade fashion, including that he sees Robinhood as extra of a on line casino than an funding platform.

What do you take into accounts Invoice Gurley’s feedback on bitcoin and ethereum? Tell us within the feedback phase beneath.

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