Billionaire Carl Icahn Highlights What Makes Ethereum (ETH) Better Than Bitcoin (BTC)
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Carl Icahn, the billionaire founder of Icahn Enterprises, has recently praised Ethereum (ETH), the second-largest cryptocurrency by market capitalization, over the flagship digital currency, Bitcoin (BTC), claiming that it has the capability to function as both store of value and a payment system.

The billionaire investor, whose net worth is estimated to be $15.6 billion, made this assertion in an interview with Bloomberg TV.

Read Also: Ethereum Developer Shares How EIP-1559 and PoS Accrue Value to ETH

Carl Icahn noted:

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“With Ethereum, it’s the underlying blockchain. So, Ethereum has two things — you can use it as a payment system, you can use it as a store of value.”

Bitcoin (BTC) Can Only Serve As a Store of Value

According to the American businessman, Bitcoin (BTC) and Ethereum (ETH) are different assets entirely, due to the fact that the former can only serve as a store of value.

“So Ethereum and Bitcoin are different. Bitcoin to me is just a store of value.”

Read Also: Mike Novogratz of Galaxy Digital: Ethereum (ETH) Looks Likely To Go A Lot Higher

Among the world-renowned billionaires are others who are also rooting for Ethereum, the largest smart contract platform, and its native token ETH.

Earlier this week, a hedge fund legend, who is now a Bitcoin holder, stated that transactions on the Ethereum network are more efficient.

Carl Icahn Plans $1 Billion Bet For Cryptocurrency

Although the billionaire businessman, Carl Icahn, has not fully joined the cryptocurrency bandwagon, he wants to join in a very big way.

He said he’s still exploring cryptocurrency and finding the best possible way to get involved in the nascent market, stating that he could eventually invest over $1 billion into cryptocurrencies.

Read Also: Ethereum Developer: Transaction Fees Hit Record Daily High of $89M in ETH, EIP-1559 would have burned $62M

Conclusively, he joined his voice with others to say that crypto is here to stay. However, he thinks many digital currencies in the market today will not stand the test of time.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.