Ether Machine founder claims ETH outperformed BTC over past 10 years
Main Idea
Andrew Keys, co-founder of The Ether Machine, claims Ethereum (ETH) has outperformed Bitcoin (BTC) over the past decade, citing significant price growth and institutional adoption.
Key Points
1. Andrew Keys stated that Ethereum has provided 30x returns over the past decade, correcting an earlier claim of 50x.
2. The Ether Machine, an Ethereum treasury firm, plans to go public with over 400,000 ETH ($1.5B), making it the largest institutional Ethereum vehicle.
3. Keys prefers Ethereum over Bitcoin, comparing it to choosing an iPhone over a landline, and believes Ethereum benefits most from stablecoin adoption.
4. Ethereum's price has surged 236,837% since its genesis in 2015, while Bitcoin has gained 78% since its 2021 peak.
5. The Ether Machine is merging with a SPAC to go public on Nasdaq, reflecting growing institutional interest in Ethereum.
Description
Ether Machine founder said he’s an Ethereum maxi and doesn’t own Bitcoin — he’d “rather have an iPhone than a landline.”
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