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O’Leary: Ethereum is valuable but ‘it’s always going to be No. 2’ to bitcoin
Ether, the second largest cryptocurrency by market value after bitcoin, hit a record high on Wednesday – but despite its rally, “it’s always going to be No. 2” next to bitcoin, investor Kevin O’Leary tells CNBC Make It. “I just believe that to be the case. Bitcoin will always be the ‘gold.’ Ethereum will always be the ’silver.” And “that’s not a bad thing necessarily,” says O’Leary, who is chairman of O’Shares ETFs. (Ethereum is the blockchain that powers cryptocurrency ether.) As O’Leary mentions, bulls view bitcoin as digital gold and a hedge against inflation that will appreciate ... (full story)
