Published on May 19th, 2017 | by bitcoin0
Union Square’s Fred Wilson: “Ethereum Will Bypass Bitcoin in Market Cap”
Following a wide ranging discussion which included opinions on Facebook, Twitter, Amazon and Uber, Wilson was asked for his 2017 prediction.
From all the topics he could choose, Wilson opted to state:
“The market cap of ethereum will bypass the market cap of bitcoin by the end of the year.”
The current market cap of bitcoin and ethereum – source coinmarketcap.
I’m very bullish on it long term.” – before adding that the recent price run ups show the digital currencies market seem like a bull market.
That may suggest their primary focus might have moved away from bitcoin to eth related projects, perhaps ICOs, eth related developments and the wider ethereum ecosystem.
That cooled down after bitcoin’s scalability debate, but Silicon Valley might be hungry for a second round, now with eth.