Andrew Keys, co-founder of the New Ethrium Investment firm The Ether machine, argues that investors would have invested more money in ether than bitcoins a decade ago.
“In the last decade, the price of ether of bitcoin per bitcoin has improved physically. In the last decade, since the Etharium started, you will be 50x rich (you had owned it since then),” Keys Said Talking about its new Ethereum Treasury firm on Monday at CNBC’s squalk box, which is planning to go publicly.
In a post on X, he later Amended Prices of price increase from 50 times to 30 times.
Keys serves as the chairman of the new company, planning to launch over 400,000 ETHs, currently a price of about $ 1.5 billion, which is the largest public vehicle for institutional atherium exposure.
It will accept the current holdings of the bipine and sharplink, with 300,000 and 280,000 in their Ath Treasury respectively.
Keys told CNBC that he is an “atherium man” and is not the owner of bitcoin. “I would be an iPhone compared to a landline,” he said.
Keys also stated that “the largest beneficiary of the Genius Act is Etharium,” because most of Stabecrims are posted on the atherium.
“Ethereum Power Law is experiencing dynamics, where 90% of tokens are deployed on Ethereum, similar to Google’s Power Law Dynamics where 90% of the discovery is with Google.”
A flawed comparison
While the figures comparing ether and bitcoins over time are not incorrect, it is also an incomplete picture of meteorite gains of two assets since installation.
Bitcoin Network was created in 2009, and one of the initial indicators of its price was now on the notorious Pizza Day in May 2010, when the value of a BTC was approximately $ 0.0041; However, it was not listed on exchanges for trading at that time.
Property price was around $ 0.05 when it First business In July 2010, now on-Difunction Mount Goks Exchange. Since then it has increased the price of more than 234 million percent.
Meanwhile, the Etharium’s genesis block came over six years later in July 2015, when Bitcoin was already trading at $ 280.
Ether did a trading of around $ 1.60 on an average after its origin and has received 236,837% since then.
Connected: Etharium investor piles in Ath amidst a large scale weekly growth
A new dimension can also be added to the recent performance logic.
Ether has so far reached a new all-time high in this cycle and has been trading on a large scale since 2022, 23% below its 2021 peak price of $ 4,878.
Meanwhile, Bitcoin has secured a new all-time high position on 14 July and increased by 78% since the 2021 cycle peak.
Ether machine plan IPO
The Ether Reserve is a new investment firm focused on the atherium and is planning to go publicly on NASDAQ with more than $ 1.6 billion in banking.
The launch will be through merger with the Black-Czech company Dynamics Corporation, with a joint unit called “The Ether machine,”. Informed Reuters.
Ether rotation
Jeff Mei, Chief Operating Officer of BTSE Exchange, told the coinalgraph on Tuesday, “Investors are roaming in Etherium N Mass, which explains his continuous rally over the weekend.”
He said it was clear that Momentum has moved towards Ether, which “makes sense because the atherium is still trading below all its time below all its time and traders believe it will stop the difference in the coming months.”
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