Will Ethereum Flip Bitcoin? Kevin O’Leary Says Sovereign Wealth Funds Will Determine Top Crypto by Market Cap
Bitcoin crypto EthereumWill Ethereum Flip Bitcoin? Kevin OLeary Says Sovereign Wealth Funds Will Determine Top Crypto by Market Cap08 / 15 / 2022Balita ng Ethereum ng Bitcoin Prominent venture capitalist Kevin OLeary believes a certain group of deep-pocketed investors will dictate whether Bitcoin (BTC) remains the top crypto asset by market cap. In a recent installment of Crypto Banter, the Shark Tank star says hes having a hard time believing that Ethereum (ETH) will usurp Bitcoin and become the king cryptocurrency. When I talk to sovereign wealth, I don‘t care if it’s Norway, or the UAE (United Arab Emirates) or Saudi, they want Bitcoin. They have not got to the analysis that weve just gone through. They want the proxy of Bitcoin, and they want that volatility… If [ETH] becomes the default platform for other digital assets, that will help. But in the immediate term, the demand is for 1% to 3% of a portfolio, a standard. These sovereign wealth portfolios look like this: no more than 20% in any one sector, no more than 5% in any one name… When you ask them if you could buy any digital asset, which one would it be and what allocation. It‘s about 50 basis points on