Brian Estes, CEO of crypto investment fund Off The Chain Capital, states that Bitcoin (BTC) will replace many traditional assets. Also, Brian Estes predicts that most Ethereum rival altcoin projects will eventually crash. As Kriptokoin.com , we have compiled the details for you, let’s examine the subject together…
Brian Estes: Bitcoin (BTC) will replace many traditional assets!
In a new interview with Real Vision, Brian Estes, CEO of Off The Chain Capital, says that the leading cryptocurrency is like a value-sucking black hole. Brian Estes adds:
Bitcoin is the winner of proof-of-work ni.e. PoW, which means that Bitcoin has become the monetary layer of the world. It’s replacing gold as a monetary layer… It’s absorbing the value of gold right now, and I think it has the potential to absorb the value of anything that’s a store of value: i.e. rare art, rare cars, eventually maybe the bond market and especially negative yield bonds and real estate. … I think this value will be absorbed by Bitcoin.
Brian Estes: These altcoin projects may disappear!
While Bitcoin dominates PoW, Brian Estes says things are different for PoS Blockchains. Brian Estes predicts that Ethereum (ETH) rival altcoin projects will be shaken. Brian Estes adds:
Solana, Tezos, you have all these thousands of other proof-of-stake Blockcahins. We don’t know yet which of these will win. Binance Smart Chain and Solana take significant market share from Ethereum as Ethereum is slower and more expensive. I would say that by the time we get to this shake-up phase in the next one to three years, almost all of the stakes blockchains will disappear and we’ll be left with just a handful of winners.
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