CNBC’s Bob Pisani shared that he thinks Ethereum (CRYPTO: ETH) will ultimately be more valuable than Bitcoin (CRYPTO: BTC), Tuesday on CNBC’s “The Exchange”.
Bitcoin is “just a cryptocurrency,” but Ethereum is much more versatile with its smart contracts, Pisani said.
Using Ethereum as a smart contract, one can transfer ownership of real estate, transfer ownership of shares, or send money overseas, he noted.
People are starting to understand the versatility of Ethereum and this is why it has outperformed Bitcoin recently, he told CNBC. “Ethereum realizes the true potential of blockchain,” Pisani added.
Related Link: Is Now Time To Buy Bitcoin Or Ethereum Options?
Price action: Ethereum is up 357.63% year-to-date, while Bitcoin is up 88.28% year-to-date.
During the last check on Tuesday afternoon, Ethereum was down 1.75% to $ 3,373.94 and Bitcoin 4.47% to $ 54,638.70.
(Image by WorldSpectrum from Pixabay)
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.