The CEO of the deVere Group said:

The CEO and founder of one of the world’s largest impartial monetary advisory organizations, the deVere Group, has acknowledged that the price hike of Ethereum may also outperform Bitcoin in 2021.

DeVere Group’s CEO Nigel Green additionally believes that the worth of Ethereum will exceed that of Bitcoin inside a couple of years.

“Ethereum outperforms Bitcoin and could continue this trend for the rest of 2021,” he stated.

Ethereum is up greater than 300% to date this 12 months, whereas the world’s hottest digital asset is up 55%. “In fact, it outperformed all other benchmark properties in the first half of this year,” Green added, in response to City AM.

The revered analyst attributes two essential drivers to Ethereum’s wonderful efficiency in 2021. Ethereum has a better potential for actual use and is the most requested improvement platform for sensible contracts. for builders, however as a worldwide monetary service supplier “,

Second, Green commented that investor enthusiasm for the “groundbreaking” transition to ETH 2.0 is a huge boost not only for Ethereum, but also for blockchain technology itself.

“Ultimately, which means that its worth will exceed that of Bitcoin – presumably inside 5 years.”

However, management is not pessimistic about Bitcoin and remains confident that Bitcoin will hit or exceed its all-time high of $ 65,000 in mid-April by the end of 2021.

“The rise of Ethereum to the high of the cryptocurrency appears unstoppable.”

In early June, deVere launched a fixed income bond that tracks Bitcoin and Ethereum futures on the Chicago Mercantile Exchange.

Related: Celsius CEO Says Ether Has “Disappeared” Bitcoin

According to the UK crypto alternate CoinJar, Ethereum has overwhelmed Bitcoin in most of its key metrics. In a weblog submit on Aug. 18, the alternate stated that Ethereum has overtaken Bitcoin in a quantity of areas together with the quantity of transactions, complete worth traded, each day lively wallets, transaction charges, translation and mining income.

According to Coinbase’s second quarter report, Ethereum’s trading quantity surpassed Bitcoin’s for the first time in its nine-year historical past.

Trading in ETH accounted for 26% of complete quantity in the second quarter, up from 21% in the earlier three months and better than Bitcoin’s 24% in the reporting interval.