Druckenmiller: Ethereum is 'MySpace before Facebook' while Bitcoin won as 'Google'

Druckenmiller: Ethereum is 'MySpace before Facebook' while Bitcoin won as 'Google'


Bitcoin (BTC) is at risk of a “flippening” from Ethereum (ETH), mainstream media claims as some familiar “FUD” returns to the spotlight.

As BTC/USD continues to flag below $40,000, an old argument has resurfaced — but major investors are fighting back.

Bloomberg: ETH “will likely exceed Bitcoin”

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In an article on May 31, Bloomberg cited multiple sources claiming that in future, Ethereum will overtake Bitcoin as the world’s cryptocurrency of choice.

The largest altcoin “will likely exceed Bitcoin at some point in the future, as Ethereum will be superior when it comes to innovation and developer interest,” Tegan Kline, co-founder of Blockchain firm Edge & Node, told the publication.

Another executive added that Ethereum has a “better growth story.”

The argument is far from new and has appeared regularly throughout Ethereum’s existence. The Ethereum network’s recent major upgrade has kept its profile afloat as ETH has outperformed Bitcoin over the past year and formed the backbone of the DeFi phenomenon.

ETH/BTC, long on a

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