If the future lies in blockchain transactions and ether is going to be a better lubricant of those blockchain transactions you could actually argue that ether has a stronger upside story than bitcoin does, Damodaran, a professor of finance at NYU s Stern School of Business, told CNBC s Street Signs Asia on Thursday.
Ether is the cryptocurrency that runs on the Ethereum blockchain. It currently sits in second place behind bitcoin in terms of market cap, according to Coinmarketcap. Noted proponents of Ethereum include billionaire investor Mark Cuban, who told CNBC previously that it dwarfs bitcoin.
Damodaran, a longtime skeptic of the cryptocurrency, said bitcoin lacks an endgame and called it a purely speculative game.
NYU s Dean of Valuation Argues Ether Has a Better Chance of Becoming a Commodity Than Bitcoin – NBC10 Philadelphia
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NYU s Dean of Valuation Argues Ether Has a Better Chance of Becoming a Commodity Than Bitcoin – NBC New York
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