RATE Group | Why crypto fund managers aren’t convinced Ethereum is a proper investment, yet
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Why crypto fund managers aren’t convinced Ethereum is a proper investment, yet

14 Feb Why crypto fund managers aren’t convinced Ethereum is a proper investment, yet

Posted at 02:32h in Ethereum News by

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Ethereum has been on an absolute tear over the last 60 days. Since bottoming at $117 in the middle of December alongside Bitcoin, the second-largest cryptocurrency has rallied by 140 percent, reaching as high as $278 on Feb. 12 as the price trend goes vertical.

Ethereum price
Ethereum price rally

The altcoin’s jaw-dropping 140 percent rally comes as Bitcoin has gained by a mere 60 percent in the same time frame.

This simple outperformance has led many retail cryptocurrency investors to claim that in the upcoming bull market cycle, Ethereum will strongly outperform BTC, just as it did in 2017 and early-2018 when prices rallied from sub-$10 to $1,450 in 18 months’ time.

Despite this, two prominent cryptocurrency fund managers hailing from positions on Wall Street aren’t convinced of Ethereum’s long-term viability as an investment, especially when pitted against other projects.

Is Ethereum a good investment for the next Bitcoin bull cycle?

The discussion against Ethereum as an investment began…

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