{"id":254384,"date":"2021-05-20T12:46:48","date_gmt":"2021-05-20T09:46:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ether-is-a-better-commodity-than-bitcoin-says-nyu-professor\/"},"modified":"2021-05-20T12:46:48","modified_gmt":"2021-05-20T09:46:48","slug":"ether-is-a-better-commodity-than-bitcoin-says-nyu-professor","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ether-is-a-better-commodity-than-bitcoin-says-nyu-professor\/","title":{"rendered":"#Ether is a better commodity than Bitcoin, says NYU Professor"},"content":{"rendered":"

“#Ether is a better commodity than Bitcoin, says NYU Professor<\/strong>”<\/p>\n

<\/p>\n

                One crypto critic thinks Ether, not Bitcoin, has a better chance of becoming a commodity in a possible blockchain-based future.\n                <p>Aswath Damodaran, professor of finance at New York University\u2019s Stern School of Business, has tipped Ether (ETH) as having a better chance of becoming a commodity than Bitcoin (BTC).\n<\/code><\/pre>\n
Speaking to CNBC, the NYU professor argued<\/a> that Ethereum\u2019s upside potential outweighs that of Bitcoin in a possible future paradigm dominated by blockchain-based technology<\/a>.<\/p>\n
According to Damodaran, ETH will trump BTC as a better lubricant for blockchain commerce. As for Bitcoin, the NYU professor said that the premier crypto was a speculative play, adding:<\/p>\n
\u201cAll that bitcoin bulls seem to talk about, their biggest sales pitch for bitcoin is: \u2018Look at how much money I\u2019ve made on bitcoin.\u2019 That\u2019s it, that\u2019s the end of the sales pitch. That\u2019s not a sales pitch. That tells me nothing about the substance here.\u201d<\/p><\/blockquote>\n
Indeed, decentralized finance as an emerging market segment has grown massively on the Ethereum network. According to Dapp<\/a>Radar, the adjusted total value locked in ETH-based DeFi protocols is above $65 billion<\/a> as of the time of writing.<\/p>\n
Earlier in May, Uniswap \u2014 an ETH-based decentralized exchange \u2014 flipped Bitcoin on daily revenue indicating the scale of the transaction volume disparity between Ethereum and Bitcoin.<\/p>\n
Damodaran\u2019s Bitcoin critique is not new as the NYU professor called BTC an \u201cinefficient currency\u201d earlier in May. Back in August 2017, Damodaran, popularly dubbed Wall Street\u2019s \u201cdean of valuation\u201d described Bitcoin as a \u201cpricing game<\/a> with no good ending.\u201d<\/p>\n
The NYU professor of finance also called for a more nuanced crypto nomenclature that better captures the differences among existing cryptocurrencies. According to Damodaran, \u201cI think we need to start to separate the crypto space into those cryptos that are trying to be currencies, those cryptos that are trying to be collectibles \u2014 millennial gold \u2014 and those cryptos that are actually commodities.\u201d<\/p>\n
As previously reported, the crypto market is in the middle of a massive downtrend with Bitcoin dipping more than 30% in the last eight days. The total market capitalization has also taken a huge dent, losing over $800 billion within the same period.<\/p>\n
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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
“#Ether is a better commodity than Bitcoin, says NYU Professor” One crypto critic thinks Ether, not Bitcoin, has a better chance of becoming a commodity in a possible blockchain-based future. <p>Aswath Damodaran, professor of finance at New York University\u2019s Stern School of Business, has tipped Ether (ETH) as having a better chance of becoming a…<\/p>\n","protected":false},"author":1,"featured_media":254385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvYWM3ZTBhODctMzNmNi00MDhkLThkYzctNTQyYjcyMmJkZjYwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-254384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/254384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=254384"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/254384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/254385"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=254384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=254384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=254384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}