Recently, popular pseudonymous crypto influencer and trader “The Crypto Dog” said that investing in one lesser-known altcoin is a “more exciting long term bet” than Ethereum ($ETH).
In a series of tweets on June 10, The Crypto Dog said that he considers Bitcoin to be a “safer, more boring long term” investment compared to Ethereum. The popular trader thinks that it is unlikely for Ethereum to “flipper” Bitcoin and explained why:
I think it's easier to sell Bitcoin as a treasury asset to companies and sovereign nations than it is to sell Ethereum for the same purpose.
— The Crypto Dog?? (@TheCryptoDog) June 10, 2021
The Crypto Dog also highlighted the lesser-known altcoin Solana (SOL) as having more upside potential than Ethereum and claimed it was the layer-one protocol with the most potential to challenge ETH for the #2 position in the market cap table.
The way I look at it is:$BTC is a safer, more boring long term bet than ETH. Flippening unlikely IMO and if it does happen I'll be here long ethusdtperp. Happy either way.$SOL is higher upside, more exciting long term bet than ETH. It's the layer one with the best shot at #2.
— The Crypto Dog?? (@TheCryptoDog) June 10, 2021
He then explained why he is so bullish on Solana:
I'm not a developer I will never be an expert but I'm much more familiar with SOL team members and developers than ETH people. I got to know many people who work at Solana and I'm comfortable investing my money in them.
— The Crypto Dog?? (@TheCryptoDog) June 10, 2021
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.