Messari analyst Ryan Watkins is confident that once Ethereum rolls out its Eth2 and proof-of-stake upgrades, the network is likely to start experiencing a huge surge in popularity.
So much, says Watkins, that it may easily overtake BTC as the largest crypto asset. Speaking during FinTech Today's episode on March 18, Watkins explained that Ethereum is bound to overtake Bitcoin, and it's not a matter of if, but rather when.
He added: “The selling point of Bitcoin over Ethereum as a store of value asset boils down its monetary policy being very predictable and the Bitcoin blockchain being very secure. I think that with the shift to Eth2 and to proof-of-stake, Ethereum may actually potentially be more secure than Bitcoin.”
Forget inflation, says Watkins. Eth2 will transform Ethereum into a “deflationary” currency. In essence, Watkins believes that Ethereum will both have a better monetary policy than Bitcoin and also a better overall security, what is then stopping the currency from repeating the Bitcoin bullish run to a greater success?
He also believes that people can earn livings in this Eth economy and they will. Ethereum is currently catching up to Bitcoin, even though its price is much lower. At time of reporting Ethereum costs $1,814.