CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$27,088.00
  • ethereum
    ETH$1,890.24
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Ethereum Has Much Higher Utility Than Bitcoin, Says Guggenheim Co-Founder

    Ethereum Has Much Higher Utility Than Bitcoin, Says Guggenheim Co-Founder

    Author: Dimitar Dzhondzhorov

    Last Updated May 25, 2021 @ 13:39

    Todd Morley – co-founder of Guggenheim Partners – called Bitcoin a ”thing” but highlighted Ethereum’s rapid advancement.

    Todd Morley – co-founder of Guggenheim Partners and chairman of the blockchain project Overline – said that Ethereum has ”much higher utility” than Bitcoin. Additionally, he outlined ETH’s rapid development progress.

    ETH Is More Than a ‘Thing’

    In a recent Bloomberg interview, Todd Morley – a former executive of the global investment company Guggenheim Partners – compared the utilization of the networks behind the top two digital assets. However, he was short-spoken about Bitcoin, calling it a ”thing”.

    On the other hand, he praised the functionality and structure of Ethereum. According to him, the blockchain project behind the second-largest cryptocurrency ”has a much higher utility through smart contracts.” Morley added that app developers on Ethereum grow rapidly, multiplying by 20x for six years straight.

    Moreover, Overline’s chairman outlined the importance of digitizing to any industry nowadays. He warned that each sector will experience severe difficulties and even ”go out of business” unless it implements blockchain technology in its system. The insurance industry is a prime example, which needs a technology strategy for its future advancement.

    At the end of the interview, Guggenheim’s co-founder talked about the world’s largest NFT museum that he is building. He believes Guggenheim Partners is very interested in modern infrastructure, aiming to introduce investors to the crypto community and become a ”global digital ambassador.”

    ADVERTISEMENT
    guggenheimcofounder_img
    Todd Morley, Source: LA Times

    Will ETH Overpower BTC?

    Following ETH’s rapidly appreciating price during the first months of 2021, many other prominent investors commented on the rivalry between the two largest cryptocurrencies.

    Changpeng Zhao – the head of Binance – explained the reason behind Ethereum’s progress. He noted that people need alternative coins for the new type of financial activities, which may drive the price of ether up:

    ”All of those use cases are moving right now and people need the other coins to do this type of new transaction. Ethereum is one of those clear examples. That’s probably why Ether is going up.”

    Although CZ outlined that BTC and ETH could co-exist “for a while,” he dismissed any chances of a more permanent bond as the primary cryptocurrency is issued only for transferring value. At the same time, the second-largest digital asset is a more complex system that operates on another level.

    A few days later, the billionaire owner of the Dallas Mavericks – Mark Cuban – revealed his three reasons why Ethereum will eventually ”dwarf” Bitcoin.

    The entrepreneur believes that ETH is superior to BTC because it allows many more transactions per second and is capable of supporting smart contracts.

    As a third reason, Cuban pointed out that development efforts in Ethereum’s network surpass those of Bitcoin:

    ”The number of transactions and the diversity of transaction types along with the development efforts in Ethereum will dwarf Bitcoin. The utilization of Ethereum is much higher.”

    Featured Image Courtesy of YouTube

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • bnymellon_cover
      BNY Mellon to Become Service Provider for SkyBridge Bitcoin ETF
    • mark_cuban_cover
      Bitcoin and Gold Are Financial Religions But BTC Is Better Says Mark Cuban
    • BitcoinDogeETHWine
      Giant American Wine Seller Now Accepts Bitcoin, Dogecoin, and Ethereum
    Tags: Bitcoin Ethereum
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Dimitar Dzhondzhorov
    More posts by this author

    Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.

  • bitcoin
    BTC$27,088.00
  • ethereum
    ETH$1,890.24
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    The Weaknesses of Ethereum VS Modern Blockchains: Interview With Radix

    The Weaknesses of Ethereum VS Modern Blockchains: Interview With Radix

    Institutions Intend to Buy Bitcoin in Late 2023: Interview With CryptoQuant

    Institutions Intend to Buy Bitcoin in Late 2023: Interview With CryptoQuant

    Why Didn’t ETH Dump After Shanghai? Interview With Nansen

    Why Didn’t ETH Dump After Shanghai? Interview With Nansen

    What is PEPE Coin? Is This the Next Huge Memecoin?

    What is PEPE Coin? Is This the Next Huge Memecoin?

    What is the Ethereum Shanghai (Shapella) Upgrade? Everything You Need to Know

    What is the Ethereum Shanghai (Shapella) Upgrade? Everything You Need to Know

    15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO

    15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO

    Artificial Intelligence & Crypto Guide: Here Are the Top 5 AI Coins

    Artificial Intelligence & Crypto Guide: Here Are the Top 5 AI Coins

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!