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Bill Gurley, a general partner at a Silicon Valley VC firm, Benchmark, announced he is betting on Ethereum’s success. He explained in an interview on Bloomberg TV that the Ethereum (ETH) community’s pragmatism compared to other crypto communities convinced him that the token would be successful. However, it is noteworthy that Gurley’s view of ETH is personal and does not represent his firm, Benchmark’s, view of the cryptocurrency.
The investor also mentioned that he’s optimistic that ETH’s proof-of-stake consensus model and the 2.0 upgrade would help with expansion and sustainability. He believes that it will also help the cryptocurrency be more eco-friendly as it would consume less energy than Bitcoin (BTC).
An advantage that Gurley believes could help ETH overtake BTC as the largest cryptocurrency soon. He added that,
“They seem to be open to change and are basically making several changes which I think will bring down fees and will be very beneficial,”
However, Gurley acknowledged that not everyone should join in on the new digital cash trend while sharing his view about trading platforms. He disapproved of the Robinhood trading platform and its “payment for order flow” mode of operation. Describing the model “a bastardization of our markets,” Gurley said Robinhood is like a casino and said he hopes the SEC makes the model go away.
Image Credits: Pixabay
