With regards to commenting on cryptocurrency, maybe just a few persons are allowed to not maintain again on one thing with out inflicting a public dispute. A type of individuals is unquestionably Peter Brandt, an professional dealer who is taken into account a legend of the monetary market, as he has been working in it because the Nineteen Seventies.
It simply so occurs that after virtually 50 years of buying and selling and doubtless seeing every little thing within the monetary world – crashes, hype, crises, scams, Ponzi schemes, the creation of giants equivalent to Apple and Nvidia – Brandt’s opinion undoubtedly carries colossal weight.
It simply so occurs that Peter Brandt hates Ethereum (ETH) – a significant various cryptocurrency in the marketplace.
The explanations? Because the dealer himself defined again in November final yr, Ethereum’s complexity and value of use is “world-class horrible,” and this makes ETH a very damaged utility token.
ETH is nugatory junk
— Peter Brandt (@PeterLBrandt) April 14, 2025
Right this moment, he doubled down on this assertion and responded to a put up describing gasoline issues throughout the Ethereum ecosystem by merely saying that ETH is nugatory junk.
That’s fairly a method to specific an opinion a few $200 billion asset in two phrases. How this assertion will play out stays an open query, however sentiment towards the most important altcoin is as divided because it has ever been, let’s face it.
With the worth of Ethereum standing the place it was in October 2023, and a shakeup within the founding organizations, it looks like an actual stress check for the cryptocurrency.
On one facet, you’ve got holders who are usually not proud of the worth barely shifting, then you’ve got a big portion of crypto lovers who’re livid with the know-how, after which you’ve got believers who’re sticking with Ethereum it doesn’t matter what.
Will the altcoin survive this disaster? That’s the primary query and battle check proper now.
