3 Reasons Why Ethereum Is A Better Investment Than Bitcoin, According to Brian Kelly
Ethereum Futures
Firstly, Kelly believes Ethereum futures may just be around the bend, now that the U.S. Securities and Exchange Commission (SEC) has officially decided that ether is and was not a security — thus removing the largest obstacle from the second-ranked cryptocurrency by market capitalization’s patch to institutional investment.
Kelly stated, regarding the SEC’s decision:
So one would think, perhaps, ethereum futures are not far off. They already have an ethereum index.
*CBOE SAYS SEC’S COMMENTS REMOVES OBSTACLE TO ETHER FUTURES
— Brian Kelly (@BKBrianKelly) June 14, 2018
Kelly fails to mention, however, that the launch of Ethereum futures might do more to hurt the price of the second-largest cryptocurrency than help it.
Since the launch of Bitcoin futures contracts, the price of the first and foremost cryptocurrency has plummeted — with many blaming the investment instruments for manipulating market prices.
Augur
Secondly, Kelly cites the augur platform as one of the primary reasons Ethereum could …
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