Since the beginning of 2023, bitcoin (BTC) is up 25.5% and ether (ETH) is up 27%. However, compared to records set in 2021, the largest digital currencies are now trading lower by nearly 70%.
Dragonfly Capital believes that ether will become a more attractive digital asset than bitcoin in the coming months. A massive institutional entry into ETH will set the stage for this digital currency to take off, Dragonfly Capital analyst Hastob Qureshi predicts.
And he does not rule out that if any coin reaches $1 trillion, it will not be bitcoin, but ether. This digital asset is seen by institutionalists as more promising in terms of environmental and management standards.