In relation to commenting on cryptocurrency, maybe just a few individuals are allowed to not maintain again on one thing with out inflicting a public dispute. A kind of folks is unquestionably Peter Brandt, an professional dealer who is taken into account a legend of the monetary market, as he has been working in it for the reason that Seventies.
It simply so occurs that after virtually 50 years of buying and selling and doubtless seeing all the things within the monetary world – crashes, hype, crises, scams, Ponzi schemes, the creation of giants equivalent to Apple and Nvidia – Brandt’s opinion positively carries colossal weight.
It simply so occurs that Peter Brandt hates Ethereum (ETH) – a significant different cryptocurrency in the marketplace.
The explanations? Because the dealer himself defined again in November final yr, Ethereum’s complexity and value of use is “world-class horrible,” and this makes ETH a totally damaged utility token.
ETH is nugatory junk
— Peter Brandt (@PeterLBrandt) April 14, 2025
In the present day, he doubled down on this assertion and responded to a publish describing gasoline issues inside the Ethereum ecosystem by merely saying that ETH is nugatory junk.
That’s fairly a approach to specific an opinion a few $200 billion asset in two phrases. How this assertion will play out stays an open query, however sentiment towards the most important altcoin is as divided because it has ever been, let’s face it.
With the value of Ethereum standing the place it was in October 2023, and a shakeup within the founding organizations, it looks like an actual stress take a look at for the cryptocurrency.
On one aspect, you will have holders who usually are not proud of the value barely transferring, then you will have a big portion of crypto fanatics who’re livid with the know-how, after which you will have believers who’re sticking with Ethereum it doesn’t matter what.
Will the altcoin survive this disaster? That’s the principal query and battle take a look at proper now.
