Can ethereum overtake Bitcoin?
Company producing Assyrian and big points and also it was the most liquid stock on the TSX V. in 2020 Frank welcome to the show it's great to be with you.
wow at incredible excitement here on the Ethereum front what's driving prices Frank well there's several factors by big factors but 1 is coming up as a CM needs are being listed for futures and once what we saw last year was that many pension plans and also hedge funds are sort of buying big goin they use the futures market there was a reluctance to go and buy pick 1 from an extreme case.
There where's our bag claims in their exact wrote so they use the futures market now the be able to buy the urea by using this you know me so I don't see that that's very bullish our other thing is that we last Monday the queen was a gentile with 19000.
Working on right so now with that over 30000 it can be $10000 I was growing rapidly with this what's called deep fried decentralized finance are are using outlook or. So the faster the pie grows the more it during this meeting and the other part is really key there are stable coins like GP Morgan the stable quite a more big financial institutions are coming with their own crypto stablecoin based on the protocol beat out so this is very very blessed.
I just on the point about the CME out launching the futures contract when we saw that happen in big point in 2017 it actually put a dent in prices so why do you think it's bullish for Ethereum could not stop the stop them upward trajectory here complete different set of circumstances.
What took place back then was the futures market was great support to actually get up and get going and in that that was the whole purpose of it being fast tracked so what we have today is very different because since then we went through all Market.
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