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Joey Krug of the hedge fund has claimed that Ethereum will capture 50% of global transactions in the next 10 years. He further explained that the underlying technology of the Network makes it perfect for transactions.
The second-largest crypto asset is still showing high volatility but seems to be among recovering assets. At the time of writing asset is hovering around $3200 by gaining 6% in the last 24 hours. Still, it is down by 15% over the last seven days. Despite extreme fear, bearishness in the market and, transaction fees issues, some people are optimistic about the future of the second-largest crypto asset.
Ethereum will capture 50% of global transactions:
Co-chief investment officer of crypto-centered hedge fund, Joey Krug, has claimed that Ethereum will capture 50% of global transactions in the next years. He made this claim in an interview with Bloomberg. He went on to say that the underlying technology of crypto-asset is top quality. He further added:
There are too many trade-offs other chains are making that Ethereum is not making on the decentralization side which is pretty important. If you roll the clock forward 10 to 20 years, a very sizable percent, maybe even north of 50%, of the world’s financial transactions in some way, shape or form will touch Ethereum.
Ethereum has issues like high gas fees which need to be addressed as soon as possible. Ethereum will capture 50% of all financial transactions if it resolves these issues. He believes that once Ethereum migrates to the proof-of-stake protocol, the platform might act as a base for competitors to set up their projects.
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