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I Would Take Long Position in ETH, Peter Brandt Says After Bashing Ethereum

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Renowned trader Peter Brandt admitted that he would trade ETH despite his recent critique against it

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As a post note, I am a chart-based swing trader. I would not hesitate taking a leveraged long position inEarlier today, Brandt proclaimed ETH a junk coin “despite mindless devotion of Etheridiots.” Brandt believes that Ethereum cannot compete with Bitcoin as a store of value . Ethereum’s functionality is junk, he believes, since ETH is hard to use with its layer-2 solutions and the tremendous transaction fees on this blockchain.

 

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