Legendary trader and investor Peter Brandt has once again shown that he is no fan of Ethereum (ETH), with a mind-boggling prediction about the coin’s future. For Peter Brandt, he does not see Ethereum living up to being a publicly traded digital currency in the next 10 years, a rather gloomy projection for a coin that is currently the second largest, after Bitcoin (BTC).
At the time of writing, Ethereum is changing hands for $2,269.34, down 0.6% in the past 24 hours and more than 3.7% in the past seven days. While Peter Brandt’s ten-year prediction for Ethereum is a major concern to note, his stems from the belief that the digital currency is not a worthy store of value.
In his post on X, Peter Brandt said that ETH is not a comparable store of value when placed side by side with bitcoin, and he admitted to not understanding why traders often choose to HODL the coin.
For Peter Brandt, Ethereum’s poor functionality and skyrocketing gas fees could be its downfall in the long run. With how relatively unusable ETH is, Brandt boldly labeled the asset as a “piece of junk”.
Ethereum on the radar of most experts
The fact that Ethereum pioneered a different aspect of the industry makes it a subject of comparison for many experts in the space.
Besides the gloom shared by Peter Brandt, Raoul Pal also recently waded into the Ethereum versus Solana debate. The top analyst calls Ethereum the Android of the crypto ecosystem, while Solana is the iOS of the industry.
Unlike Brandt, many experts see a brighter future for Ethereum, especially as it currently powers some of the most innovative layer-2 protocols in the industry, including Arbitrum (ARB) and Optimism (OP).
