JAKARTA - The price of Ethereum (ETH) has skyrocketed in recent days. This makes Canadian businessman and politician Kevin O'Leary confident that Bitcoin will still have the upper hand.
He revealed that Ethereum will remain number 2 after Bitcoin. Even though the price hits an all-time high, ETH will only be like silver and Bitcoin like gold, as reported by Cointelegraph.
"Bitcoin will always be gold, while Ethereum will always be silver," said O'Leary.
He also added that Ether has a payment-like function. Even so, the high price of Ethereum makes it unable to reach various groups.
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"Institutional investors moving to Bitcoin may be the driving force behind the crypto asset," added O'Leary.
He himself revealed that he had crypto money since 2017. O'Leary claims to have budgeted 3 percent of his income into Bitcoin.
The entrepreneur also described himself as a supporter of crypto mining or crypto money mining. However, O'Leary strongly opposes crypto-money miners who aim to commit crimes.
Kevin O'Leary believes that investing in cryptocurrencies will only be “clean” Bitcoin and not “blood coins”.
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