Experienced analyst Peter Brandt, who stands out with his predictions and analyzes in the cryptocurrency market, made a new post about Bitcoin (BTC) and Ethereum (ETH) on his Twitter account.
The famous analyst, who caused a stir with his negative comment about Ethereum, argued that ETH cannot be compared to Bitcoin as a store of value.
At this point, citing a post about high Ethereum gas fees, Brandt said that Ethereum does not have the quality of Bitcoin as a long-term store of value.
The famous name, who spoke harshly about ETH, claimed that ETH's functionality and gas price turned the crypto into scrap.
Brandt went further, stating that he thinks Ethereum may not even be a listed asset within the next 10 years.
“Ethereum cannot be compared to Bitcoin as a store of value. Why hold ETH when you can hold BTC?
ETH's functionality and gas price are turning crypto into junk.
“My prediction is that ETH may not even be a listed asset in 10 years.”
Peter Brandt, who added an ETH analysis under his post, called out to ETH bulls. Stating that ETH bulls should closely follow the ETH/BTC price chart traded above the 0.04803 level, the analyst pointed out that he expects a decline in ETH and said that if this level is maintained, the upcoming funeral of Ethereum will be postponed.
Ethereum continues to trade at $2,273 at the time of writing.
Hey ETH bulls, from a chart standpoint you need to hope $ETHBTC can hold above .048xx. If this level holds, then the funeral for $ETH will be delayed. pic.twitter.com/u4keL5Elqv
— Peter Brandt (@PeterLBrandt) December 15, 2023
*This is not investment advice.
